Page 379 - Westport Guide To Malaysia

THE GUIDE TO MALAYSIA 371
EAST COAST
ECONOMIC REGION (ECER Malaysia)
East Coast Economic Region Development Council
Level 3, Menara PjH
2, Jalan Tun Abdul Razak Precinct 2, 62100 Putrajaya
T (03) 8885 0038 W ecerdc.com.my
The East Coast Economic Region (ECER Malaysia) aims to narrow economic disparities between
the west and east coast regions of the country, creating a preferred destination for investment, working and living. It covers the states of Kelantan, Terengganu and Pahang, and the district of Mersing in Johor, encompassing over 66,000sq km (51% of Peninsular Malaysia). With a population of about 4.8 million, it is envisioned to become a developed region
by 2025, driven by six key economic clusters. These are: Tourism; Oil, Gas & Petrochemical; Manufacturing; Agriculture; Human Capital Development and Logistics
& Services.
The East Coast
Economic Region Development Council (ECERDC) was established in 2008 to accelerate
the region’s economic development through high impact initiatives, leveraging its rich natural resources, abundant land and world- class tourism attractions. It is strongly supported by Federal and State Governments
with investment-friendly policies across all sectors.
The ECER Special Economic Zone (ECER SEZ), reaching from Paka in Terengganu
to Pekan in Pahang, is the principal catalyst for growth and is ideally positioned to serve as the main gateway for investors to tap into the huge ASEAN, Asia Pacific and Far East markets. Nine industrial parks provide investors with easy access to industrial
land, feedstock and utilities,
with strong connectivity to Malaysia’s export hubs.
ECER Malaysia realised
a total of RM64.7 billion in investments between 2007 and 2018 under the original ECER Master Plan. Following the launch of the ECER Master Plan 2.0 (2018-2025) in 2019, the Region has realised an additional RM17.1 billion in investments. Notable investors include Arkema SA, CJ Cheil Jedang Corporation (Kerteh Biopolymer Park, Terengganu), Mercedes-Benz (Pekan Automotive Park, Pahang), BASF-PETRONAS Chemicals (Gebeng Industrial Area, Pahang), McCormick Global (Setiu, Terengganu), Rohm-Wako Electronics (Kota Bharu, Kelantan), Alliance Steel (Malaysia-China Kuantan Industrial Park, Pahang)
and Petronas Gas Berhad (Kerteh, Terengganu).