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ECER Woos Chinese Investors To East Coast Economic Region

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From Premalatha Jayaraman
XIAMEN, Sept 7 (Bernama) -- The East Coast Economic Region Development Council (ECERDC) expects to attract Chinese investors to the East Coast Economic Region (ECER), particularly to invest in the oil and gas, agriculture, tourism, manufacturing and education industries.
Its Chief Executive Officer, Datuk Jebasingam Issace John, said ECERDC was offering attractive fiscal and non-fiscal incentives to boost investment in tourism, oil, gas and petrochemical, manufacturing, agriculture and education in the economic region.
ECERDC will facilitate investors keen to invest in the diverse range of industries available to them for investment," he told reporters here after a meeting with Wang Xiaochun, the Deputy Director General of Science, Industry, Trade and Information Technology Commission of Shenzhen Municipality, on Tuesday.
The meeting was held in conjunction with the 14th China International Fair for Investment and Trade (CIFIT 2010) in Xiamen, which will begin here Wednesday and conclude on September 11.
The ECERDC delegation is led by Council Member, Tan Sri Lee Shin Cheng, who is also the Executive Chairman of IOI Group.
Jebasingam said the ECER which covers Kelantan, Terengganu, Pahang and the district of Mersing in Johor had good infrastructure, abundant land, natural resources, good quality human capital.
"With its strategic location and strong government support at both the federal and state levels, ECER is poised to become a major trade and industrial gateway.
"It also offers investors access to the vast, burgeoning markets of the Far East and the Asia Pacific, with a total population of four billion and a combined GDP of US$17 trillion," he added.
ECER projects to be promoted during CIFIT 2010 include tourism projects namely Pantai Sepat Mainland Coastal Tourism, Teluk Bidara Mainland Coastal Tourism, Cherating Mainland Coastal Tourism, Pantai Penarik Coastal Tourism and the Kuala Terengganu City Centre.
Jebasingam said ECERDC was also aiming to interest investors in the Kertih Polymer Park, PETRONAS Petroleum Industry Complex (PPIC), Gebeng Integrated Petrochemical Complex (GIPC) and the Tanjung Agas Oil & Gas Maritime Industrial Park.
Manufacturing projects to be promoted will be the Pekan-Peramu Automotive Industrial Park, Gambang Halal Park, Pasir Mas Halal Park, Palm Oil Industrial Cluster and Kuantan Port City.
Agriculture projects open to investors in the region include the poultry production parks in Kelantan and Pahang, livestock production in Terengganu and Pahang, the Rompin Integrated pineapple plantation, as well as the herbal and biotechnology parks in Pahang and Kelantan.
Education wise, the Knowledge Park in Terengganu and the Terengganu ICT Centre will be promoted during CIFIT 2010.

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