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ECER draws RM26bil investments

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Saturday January 2, 2010

KUALA LUMPUR: The East Coast Economic Region (ECER) has attracted a total of RM26bil in expressed and committed investments from both local and foreign parties.

ECER Development Council (ECERDC) said in a statement that it had drawn immediate commitments of RM565mil in investments.

ECERDC chief executive Datuk Jebasingam Issace John said it would focus on bringing in more domestic and foreign investments this year while increasing private sector participation within the region, adding that upgrades were planned in infrastructure and landscaping of the Pekan Automotive Industrial Park, as well as the setting up of a Central Marketing Centre this year to make it more competitive in attracting global auto makers.

The park is expected to be fully operational in 2015, attracting RM2bil worth of investments and creating more than 7,000 jobs.

Source: The Star

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