KUALA LUMPUR, July 31 (Bernama) -- The East Coast Economic Region (ECER) has
wooed a whopping RM32.7 billion investment between 2007 and end-June, of which
RM12 billion were received in the first half of this year, Prime Minister Datuk
Seri Najib Tun Razak announced today.
Najib said between January and June, ECER’s tourism cluster accounted for the
highest amount of investments, at about 55 per cent, followed by manufacturing
at 31 per cent, agriculture eight per cent, five per cent in
education and nearly one per cent in the services sector.
All these projects are expected to be implemented this year, Najib said in a
statement after chairing the East Coast Economic Region Development Council''s
second council meeting today.
"Of the RM32.7 billion total investments achieved since 2007 to date,
RM21.9 billion have already been received, creating 30,000 jobs, while
contributing RM7 billion in Gross National Income (GNI)," said Najib, who
is also the council''s chairman.
The prime minister said the investment surge was backed by the progressive
enhancement of infrastructures within the ECER economic corridor and aggressive
investment promotions undertaken by the council in collaboration with the
Malaysian Investment Development Authority and the International Trade and
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