ECER records RM13.3bil in realised investments, says Anwar


KUALA LUMPUR: The East Coast Economic Region (ECER) has recorded RM13.3bil in realised investments, says Prime Minister Datuk Seri Anwar Ibrahim (pic).

"I was informed that for the first three quarters of this year, ECER managed to record a total of RM13.3bil in realised investment against the target of RM10bil," he said in a post on his Facebook account on Tuesday (Oct 15).

He added that this amount involves 21 projects that are capable of creating 8,700 job opportunities in various industries, including steel manufacturing, petrochemicals, biomass products and tourism.

Anwar added that he was told this when he chaired the East Coast Economic Region Development Council (ECERDC) Meeting Number 2 of 2024 and added that the government will continue to streamline its development framework for the next five years.

He said this is so that efforts to bridge the development gap between regions and attract more investments to the east coast can be realised.

Anwar said that the main drivers of growth for the region include the food basket, tourism, manufacturing (hard-to-abate) and marine industries.

He added that the success is in line with the wishes of the Madani Government which always emphasises the importance of monitoring and facilitating the implementation of announced investments. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Review eKasih criteria for helping disaster victims, Upko leader urges Putrajaya
'Significantly higher' Federal allocations to continue for poorer states under 13MP, says Rafizi
Govt aiming to cut fiscal deficit to 3.8% this year
Bank employees honoured for scam prevention efforts
Ex-lecturer’s defence team to file representation to review murder charge
Report: Scam calls in Malaysia skyrocketed by 82.81% in 2024
Provisional registration of medical grads down 38% since 2017, says MMC
Not enough evidence to charge Zeti, says Azalina
Bank staff trained to spot ‘red flags’ prevent RM12.4mil in fraudulent transfers
Journalist’s arrest was based on lodged report, says Azam

Others Also Read