Latest news with #EastCoastEconomicRegionDevelopmentCouncil
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
PM Anwar: ECERDC records RM6.4b realised investments in 1H2025
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 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
New Straits Times
3 days ago
- Business
- New Straits Times
ECERDC hits RM6.4bil investments in first half of 2025
KUALA LUMPUR: The East Coast Economic Region Development Council (ECERDC) has achieved RM6.4 billion in realised investments in the first six months of 2025. In a statement, ECERDC said these realised investments are part of a broader pipeline of RM10.4 billion in committed investments, enabling ECERDC to exceed its annual investment target of RM10 billion for 2025. According to the council, the strong performance is expected to create 2,844 job opportunities across the region. It said the manufacturing sector is the main contributor, accounting for 59 per cent of total investments. Pahang led with realised investments worth RM4 billion, followed by Terengganu with RM1.3 billion and Kelantan with RM1.1 billion, while Johor saw investments in agriculture amounting to RM13.3 million from the development of a biocompost facility in Mersing. Key realised investments in the first six months of 2025 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, an RM1 billion 84-megawatt mini hydroelectric plant is being developed, while Terengganu secured an RM638 million investment for the processing of pulverised quartz. Prime Minister Datuk Seri Anwar Ibrahim said ECERDC continues to play a vital role in accelerating inclusive growth across the east coast region. "The investments secured signal that ECER remains a high-potential growth corridor for Malaysia. "These efforts are aligned with our national commitment to balanced regional development, ensuring that all Malaysians benefit from economic progress," he said after chairing the first ECER Council Meeting for 2025 in Putrajaya today. In tandem with its investment success, ECERDC said it is completing eight strategic and impactful projects in 2025, in line with the strategic thrusts outlined under the ECER Development Plan. Under the development plan, to enhance food security, ECERDC said it has completed the Goat Milk Collection Centres in Ketereh and Pasir Puteh, Kelantan (April 2025) and is undertaking the final stages of the Jemaluang Dairy Valley in Johor to strengthen the region's agro-based value chains. Supporting the development of new tourism destinations, the council said several projects are on track for delivery, including the Cherating Turtle Information and Conservation Centre in Pahang (April 2025), the Kuala Terengganu City Centre (KTCC) Promenade Phase 1, the Pulau Pemanggil Jetty in Mersing, and upgrading works on the access road to Johor's Endau Rompin National Park from Kahang to Sungai Emas. This includes the construction of the Palekbang–Kota Bharu Bridge, a catalytic project aimed at improving cross-river connectivity and unlocking economic opportunities in Kelantan, which began earlier this year and is progressing well. Under the high-value manufacturing and hard-to-abate thrust, ECERDC said it is strengthening the industrial ecosystem through the expansion of Kerteh Biopolymer Park (KBP) in Terengganu, supporting industries such as biopolymer, petrochemical, and advanced materials. It said the Phase 4A Package 1 was completed in 2024, while the SME Complex Phase 1B is nearing completion by mid-2025, and Phase 4A Package 2 is currently underway. ECERDC said the project is expected to attract RM4.4 billion in investments by 2029. In enhancing regional connectivity, the Kuala Terengganu Airport Road (Package 2) is under development to improve access and support the region's tourism and logistics ecosystems. ECERDC chief executive officer Datuk Baidzawi Che Mat said these strategic developments are laying the foundation for sustainable economic growth across ECER. "By strengthening key industrial ecosystems, improving accessibility, and supporting community-focused initiatives, we are enhancing the region's appeal to investors while delivering meaningful improvements to local communities," it added.
Barnama
3 days ago
- Business
- Barnama
ECERDC Records RM6.4 Bln Realised Investments In 1H2025
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.
The Sun
06-05-2025
- Business
- The Sun
ECERDC facilitates RM1 billion committed investments in Terengganu
PETALING JAYA: The East Coast Economic Region Development Council (ECERDC) has facilitated RM1 billion in committed investments in Terengganu in the first quarter of 2025, achieving 43% of the RM2.4 billion investment target set for the state this year. These investments are driven largely by the tourism sector and will reinforce Terengganu's position as a strategic hub for high-value tourism initiatives. In addition to tourism, the investments span key sectors such as agriculture, manufacturing and services, reflecting strong investor confidence in Terengganu's dynamic and diversified economy. These committed investments represent a significant step forward in the East Coast Economic Region's (ECER) tourism and agricultural transformation, the council said in a statement. Terengganu Menteri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar said that realised investments stood at RM729.7 million as of March, creating over 1,000 new jobs in the state. The manufacturing sector remained the key driver, followed by tourism, agriculture, and services. 'Terengganu continues to position itself as a strategic destination for investors, supported by strong collaboration between the state government, ECERDC, and the Malaysian Investment Development Authority. 'We are committed to advancing innovation and sustainable growth across key sectors, from agriculture to high-tech manufacturing, to create quality employment, spur long-term economic progress and strengthen the state's economic foundation,' he said. Among the commitments are a 60MW photovoltaic solar farm integrated into an agricultural project, an ammonium paratungstate processing facility and a waste collection and treatment centre. Others include a dairy farm supported by a Napier grass plantation and biodigester system, and a calcined kaolin production facility. A key development highlighted at an ECER Terengganu Implementation Coordination Committee meeting in Kuala Terengganu recently was the completion of infrastructure expansion works at the Kerteh Biopolymer Park (KBP). Delivered under Phase 4A, the upgrade strengthens KBP's role as a national platform for advanced materials, clean technologies, and biopolymer production. Since KBP commenced operations in June 2015, the industrial park has recorded RM5.1 billion in realised investments, with demand for industrial space continuing to grow. To support this demand, the KBP SME Complex Phase 1B is currently under construction and scheduled for completion next month. Once operational, the facility will offer purpose-built units tailored for SMEs in the energy sector and support services, helping nurture a resilient and innovation-led industrial ecosystem in Terengganu. ECERDC CEO Datuk Baidzawi Che Mat said the delivery of strategic infrastructure such as KBP and the successful attraction of quality investments speak to the ECERDC's long-term commitment to building a high-performing, sustainable economy. 'These achievements are more than physical developments; they represent an enabling ecosystem for innovation, inclusive growth, and global investor confidence,' he added. In tandem with investment growth, ECERDC is progressing several key infrastructure projects. The Kuala Terengganu airport road upgrade is on track for completion and will significantly enhance connectivity between Sultan Mahmud Airport and the city centre. The project includes an 'Executive Drive' route to facilitate logistics and improve investor access. The KTCC Promenade Phase 1 is 56% complete. The project is designed to boost tourism and urban vibrancy. In addition to industrial projects, the council highlighted the ongoing rollout of the Inisiatif Pendapatan Rakyat – Program Usahawan Tani, which is equipping B40 communities with modern and sustainable farming practices. The fertigation chilli project in Bukit Bidong is poised to become the largest in Malaysia by the end of 2025, driven by precision farming systems and community-led management. Complementary initiatives include sweet potato cultivation in Kampung Banggol and Kampung Saujana, as well as an integrated agriculture project in Taman Rahmat, Marang. To scale up the programme, ECERDC is facilitating up to 400 acres across nine Terengganu locations for agro-based projects, benefiting over 400 participants. These efforts will further embed Terengganu's reputation as an inclusive and sustainable agriculture pioneer.
