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

Man nabbed for threatening technician with parang at his home
Elderly man injured, car hits baby elephant in Mersing
Authorities seize nearly 2.4 tonnes of imported rice in Johor
KTMB offers 1,248 tickets for special express train to east coast for Aidilfitri
MCMC probes man for uploading fake content on social media
Festive deals for homebuyers
Penang direct flights with China increase to eighth city in Q2 2025
Sapura Energy's RM1.1bil injection includes management changes
Kitingan says has ‘win-win’ seat sharing formula to strengthen GRS
Johor hopes to kick off elevated ART project in third quarter of 2025, says exco man

Others Also Read