Kuala Lumpur, October 16, 2024 – The Europe Today: The East Coast Economic Region (ECER) has exceeded its investment target for 2024, recording RM13.3 billion in realised investments in the first three quarters of the year, according to Prime Minister Datuk Seri Anwar Ibrahim. This achievement surpasses the initial target of RM10 billion.
In a post shared on his Facebook account on Tuesday, October 15, Prime Minister Anwar highlighted that the investments involved 21 projects across various sectors, including steel manufacturing, petrochemicals, biomass products, and tourism. These projects are expected to generate approximately 8,700 job opportunities, contributing significantly to the region’s economic development.
The Prime Minister made the announcement while chairing the second East Coast Economic Region Development Council (ECERDC) meeting of 2024. He affirmed the government’s commitment to refining its development framework over the next five years, with the goal of narrowing the development gap between regions and attracting more investments to the east coast.
Anwar also outlined the primary drivers of growth for the region, which include food production, tourism, manufacturing (with a focus on hard-to-abate industries), and marine industries. He emphasized that these successes align with the goals of the Madani Government, which prioritizes the careful monitoring and facilitation of investment implementation.
The ECER’s continued success is expected to play a crucial role in Malaysia’s broader economic development strategy.
