The
Competitive Edge
The East Coast Economic
Region (ECER), covering the states of Kelantan, Terengganu,
Pahang and the district of Mersing in Johor, is set to become
one of Malaysia's dynamic regions offering diverse business
opportunities to potential investors.
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.
Major investments in the region are currently
focused in the booming oil, gas and petrochemical sector,
but given the abundant non-hydrocarbon resources available
in the region, the ECER is also set to experience economic
developments in the fast-growing sectors of tourism, manufacturing,
agriculture and education.
These development initiatives are detailed
in the ECER Master Plan and will be the basis for guiding
the development of this region until the year 2020 where
it will be transformed into a major local and international
tourism destination, an exporter of agro and resource based
products and manufactured goods, a vibrant trading centre
and an infrastructure and logistics hub.
To make this a success, the Government
is counting on a mutual partnership with the private sector to encourage investment and new economic activities in the
region. The Government is committed to putting
in place physical, transportation and infrastructure projects
to support the development initiatives.
Attractive incentives designed specifically
for this region, are outlined to spur investment in what
will become a cost-competitive and vibrant business hub.