PM: ECER attracted more than RM32.7b investments
KUALA LUMPUR: The East Coast Economic Region (ECER) attracted more than RM32.7bil of investments from 2007 until end-June of this year, the Prime Minister said.
Datuk Seri Najib Tun Abdul Razak said on Tuesday that of the RM32.7bil, a total of RM12bil were in the first half of this year with the tourism cluster accounting for 55% of the investments.
During the six-month period, the manufacturing sector accounted for 31% of the investments, agriculture (8%), education (5%) and services (nearly 1%).
Speaking after the East Coast Economic Region Development Council's (ECERDC) Second Council Meeting for 2012 in Putrajaya, he expected all of these projects to be implemented this year.
Of the RM32.7bil investments since 2007, about RM21.9bil had been received, creating 30,000 job opportunities while contributing RM7bil in Gross National Income (GNI), the Prime Minister said. Najib said the surge in investments is backed by the progressive enhancement of infrastructure within ECER and aggressive investment promotions undertaken by the ECERDC in collaboration with the Malaysian Investment Development Authority (MIDA) and the Ministry of International Trade and Industry (MITI). "ECER is well positioned to attract quality investors from various types of industries, which include world-class players from the highly advanced biotechnology sector," he added.
Datuk Seri Najib Tun Abdul Razak said on Tuesday that of the RM32.7bil, a total of RM12bil were in the first half of this year with the tourism cluster accounting for 55% of the investments.
During the six-month period, the manufacturing sector accounted for 31% of the investments, agriculture (8%), education (5%) and services (nearly 1%).Speaking after the East Coast Economic Region Development Council's (ECERDC) Second Council Meeting for 2012 in Putrajaya, he expected all of these projects to be implemented this year.
Of the RM32.7bil investments since 2007, about RM21.9bil had been received, creating 30,000 job opportunities while contributing RM7bil in Gross National Income (GNI), the Prime Minister said. Najib said the surge in investments is backed by the progressive enhancement of infrastructure within ECER and aggressive investment promotions undertaken by the ECERDC in collaboration with the Malaysian Investment Development Authority (MIDA) and the Ministry of International Trade and Industry (MITI). "ECER is well positioned to attract quality investors from various types of industries, which include world-class players from the highly advanced biotechnology sector," he added.
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