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ECERDC On Investment Mission To Attract Gulf Investors

News From : DagangHalal.com (06 May 2010)

KUALA LUMPUR, May 6 (Bernama) — The East Coast Economic Region Development Council (ECERDC) will be on a mission to attract investors from the Gulf as well as enhance bilateral business relationship between Malaysia and the Middle East countries.

The mission from May 7 to 17, will be led by former prime minister Tun Abdullah Ahmad Badawi, and in the agenda include a series of business meetings with identified potential investors from the Gulf region.

The ECERDC’s Chief Executive Officer (CEO), Datuk Jebasingham Issace John, said they will offer integrated packages to investors from the Gulf region, which will include attractive fiscal and non-fiscal incentives, abundant natural resources, good infrastructure and ready supply of human capital.

“We aim to attract RM30 billion worth of investments in the region under the 10th Malaysian Plan (10MP), which is why for this year, ECERDC is making the strategic move of aggressively promoting ECER as the choice investment destination.

“On our part, several key projects have been identified under different sectors including tourism sector, oil, gas and petrochemical sector, manufacturing sector, agriculture sector as well as education and ICT sector,” he said in a statement here Thursday.

Among the key tourism projects the delegation expects to highlight are the Pantai Sepat Mainland Coastal Tourist project, Cherating Mainland Coastal Tourism project in Pahang and the Teluk Bidara Mainland Coastal Tourism project in Terengganu.

Under the oil, gas and petrochemical sector, the projects on focus will be Kertih Polymer Park and Petronas Petroleum Industry Complex (PPIC) in Terengganu, Gebeng Integrated Petrochemical Complex (GIPC) in Pahang and Tanjung Agas Oil and Gas, and Maritime Industrial Park located south of Kuantan.

Among manufacturing projects, the Pekan-Peramu Automotive Industrial Park, Gambang Halal Park and Palm Oil Industrial Cluster in Pahang as well as Pasir Mas Halal Park in Kelantan will be highlighted.

As for agricultural projects, they would include the Poultry Production Park and the Herbal and Biotechnology Park in Kelantan and Pahang respectively and the Livestock Production project in Terengganu and Pahang, and Rompin Integrated Pineapple Plantation in Pahang.

In the information communications technology sector, the Knowledge Park, The International Digital Business Exchange (IDBX) and the Global Animation Centre, all in Terengganu, will be in focus.

Another key area for investment will be the halal business, Jebasingham said. The market is worth about US$2.1 trillion per year, with the Gulf Cooperation Council importing nearly US$44 billion worth of halal products.

— BERNAMA

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