Kuala lumpur: 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 also serves as the Finance Minister, noted that the ECERDC has created over 2,800 jobs to date.
According to BERNAMA News Agency, the amount of committed investments has reached RM10.4 billion, surpassing the RM10 billion target set for 2025. Anwar shared this achievement in a post on his official Facebook page. Earlier, he 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 the East Coast Economic Region (ECER) under the upcoming 13th Malaysia Plan, currently being formulated by the government.
The Prime Minister emphasized that the government’s strategic plans, particularly through the ECER Development Plan, will include eight strategic and high-impact projects scheduled for completion this year. He highlighted the importance of prioritizing the country’s long-term interests in attracting investors and ensuring a percentage of technology and skills transfer in every approved investment. Anwar urged the ECERDC to maintain its momentum through an efficient and proactive facilitation process, which will bolster the East Coast Region as a competitive investment destination both nationally and internationally.
In a separate statement, the ECERDC reported that the manufacturing sector accounted for 59 percent of the RM6.4 billion realised investments. Pahang led the list with realised investments totaling RM4 billion, followed by Terengganu with RM1.3 billion and Kelantan with RM1.1 billion. Johor saw RM13.3 million of investments in agriculture from the development of a biocompost facility in Mersing.
The council detailed key realised investments, including 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, an RM1 billion 84-megawatt mini hydroelectric plant is under development, while Terengganu secured a RM638 million investment for the processing of pulverised quartz.