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Region
Set for Growth
The way forward for
the ECER’s economy will very much centre on developing
several key sectors:
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The development
of the service industry in the ECER will see a new
focus in the tourism industry, particularly in
segments such as mainland coastal and island tourism,
highland tourism, ecotourism and cultural heritage tourism.
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The region has
also attracted substantial investments in upstream oil
and gas exploration and production activities, as well
as downstream refining and petrochemical based venture.
Efforts will be made to spur propylene and ethylene
based industries.
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Non-resource
based industries such as boat-building and repair,
automotive assembly and distribution, handicraft and textile
making and heavy industries will be enhanced to be more
competitive.
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The agro and
resource-based industries, long a mainstay of the region’s
economy will receive a boost with agriculture
branching out to embrace new areas of interest
such as gearing towards high-yield and large-scale commercial
farming. Wood, latex and palm oil-based products, together
with plastics and polymers will form much of the region’s
industrial output for local consumption and export.
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The
education cluster will witness the development
of services and skills training in line with the needs
of the region and the nation. At the same time, the quality
of educational products will be enhanced to turn it into
a marketable offering overseas.
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Due emphasis
will be given to the logistics and distribution
services, especially in the movement of goods
and products, to strengthen the ECER’s position
as a major trade and commerce hub.
Leveraging on resources already in place, these developments
will change the ECER ’s social and economic landscape. |
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