ECERDC Records RM6.4 Bln Realised Investments In 1H2025 - PM Anwar
KUALA LUMPUR, June 30 (Bernama) -- The East Coast Economic Region Development Council (ECERDC) has successfully recorded RM6.4 billion in realised investments in the first six months of this year, said Prime Minister Datuk Seri Anwar Ibrahim.
Anwar, who is also the Finance Minister, said the ECERDC has also successfully created more than 2,800 jobs to date.
“At the same time, the amount of committed investments has reached RM10.4 billion, surpassing the RM10 billion target set for 2025,” he said in a post on his official Facebook page today.
Earlier on, Anwar attended a meeting with the ECERDC to review the latest progress on key performance indicators for the economic corridor, and to discuss the development framework for East Coast Economic Region (ECER) under the upcoming 13th Malaysia Plan, which is currently being formulated by the government.
The Prime Minister said the government’s strategic plans, especially through the ECER Development Plan, among others, will see eight strategic and high-impact projects scheduled for completion this year.
“I emphasised the importance of prioritising the country's long-term interests in attracting investors, including the importance of ensuring a percentage of technology and skills transfer elements in every approved investment.
“The ECERDC needs to maintain this momentum through an efficient and proactive facilitation process which will strengthen the East Coast Region as a competitive investment destination both nationally and internationally,” he added.
In a separate statement, the ECERDC said the manufacturing sector accounted for 59 per cent of the RM6.4 billion realised investments.
The council said Pahang led the list with realised investments totalling RM4 billion, followed by Terengganu (RM1.3 billion) and Kelantan (RM1.1 billion), while Johor saw RM13.3 million of investments in agriculture from the development of a biocompost facility in Mersing.
“Key realised investments also include a RM1 billion integrated oil refinery plant, a RM950 million tourism development, and a RM667 million facility to produce Maleic Anhydride in Pahang.
“In Kelantan, a RM1 billion 84-megawatt mini hydroelectric plant is being developed, while Terengganu secured a RM638 million investment for the processing of pulverised quartz,” it added.
-- BERNAMA