The Region is blessed
with an abundance of natural resources. It's people and
it's unique culture and positive value systems is also as
asset.
Key advantages include:
ECER's strategic location Located strategically in the east
coast of Peninsular Malaysia, the ECER is well placed to
become a major trade and industrial gateway, offering investors
access to the vast, burgeoning markets of the Asia Pacific
region and beyond, encompassing a vibrant market of about
two billion people.
Abundant natural resources The ECER is rich with natural resources
and wealth of biodiversity. Oil & gas have long been
a major economic contributor in the Region, and has now
matured to include petrochemical-based manufacturing and
related-industries.
Large pool of quality
human resource Almost 14% of the total Malaysian population reside in the ECER.
By 2020, this will grow to over 4.9 million people, with
about 1.92 million total workforce. With a strong education
system, this translates into a large pool of educated and
skilled workforce who can drive technology-based and knowledge-based
industries.
Lower cost of living The cost of living in the ECER is lower compared to the rest of Peninsular Malaysia. This means that new business
ventures in the ECER will be able to offer their products
and services at lower costs, without compromising
on quality.
Rich untapped resources
The ECER covers 51% of the land
area of Peninsular Malaysia. This poses a vast
potential for real estate development and large scale
commercial farming.
The ECER also boasts diverse
tourism resources ranging from pristine forests,
attractive coastlines, coral islands, lakes, highlands,
and rich culture and history. But much of these
can be further developed for a sustainable tourism
economy.
Traditionally, the ECER's main focus has been agriculture. The vast experience of the locals in this
area poses much potential to enhance farming
and fisheries to a more value-added and higher
yield activities.
The ECER also has existing various sea ports,
airports, railway and a network of highways linking
it to other parts of Peninsular Malaysia and neighbouring
countries. This positions the ECER
as a logistics and transport hub for industries.
Given these factors,
the region can take advantage of its position and diversify
its economic activities.
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FACTS
The region is blessed
with eco-diversity and the beauty of nature
The East Coast is the
heartland of Malay cultural heritage
Labour cost is competitive compared
to the West Coast