BUSINESS

ECERDC AIMS TO DRAW RM9.5 BILLION COMMITTED INVESTMENTS TO PAHANG IN 2023 -- MENTERI BESAR

07/03/2023 04:14 PM

KUANTAN, March 7 (Bernama) -- The East Coast Economic Region Development Council (ECERDC) aims to achieve RM9.5 billion in committed investments for Pahang this year, an increase of more than 40 per cent compared with the RM5.5 billion achieved last year.

Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said potential investments in the manufacturing, agribusiness, tourism, oil, gas, and petrochemical sectors, as well as renewable energy, are expected to create more new jobs and entrepreneurial opportunities for the people of the state.

Wan Rosdy said that the ECERDC, through intensive promotional efforts in collaboration with the state government, ministries, and related agencies, has achieved RM2.07 billion in committed investments in Pahang in the first two months of this year.

"I am confident that ECERDC will maintain the investment momentum and increase its investment promotional activities to attract more quality and high-value investments to Pahang.

"Strategic projects and initiatives planned by the ECERDC for Pahang, such as infrastructure upgrades and human capital development programmes carried out in conjunction with investment promotion efforts, will help strengthen Pahang's position as a preferred investment destination," he said in a statement after chairing the Pahang East Coast Economic Region (ECER) Implementation and Coordination Committee (ICC) meeting in Putrajaya today.

Wan Rosdy said the economic corridor authority is currently working on the “Creating Destinations” initiative to boost the tourism sector and drive the local economy at Pantai Hiburan, Rompin, including the construction of entrances, lookout towers, gazebos, ticket counters, and other public facilities.

Pantai Hiburan has also been identified as the location for the first recreational vehicle (RV) park in the ECER region.

Wan Rosdy said that the state ICC was briefed on the status of the RV industry development initiatives in Malaysia. This included top management visits of German RV manufacturers, RV component manufacturers, and caravan trade fair organisers to the Pahang Automotive Park (PAP) and Pahang Technology Park (PTP) to explore investment potential in RV installation and manufacturing early last month.

In addition, other ECERDC projects in Pahang, such as upgrading works for the Kampung Salang jetty on Tioman Island, Rompin, and water distribution pipes from Kemaman, Terengganu to Gebeng, Kuantan were presented in the meeting, he said.

-- BERNAMA


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