Latest news with #ECERDC
The Sun
06-05-2025
- Business
- The Sun
ECERDC facilitates RM1 billion committed investments in Terengganu
PETALING JAYA: The East Coast Economic Region Development Council (ECERDC) has facilitated RM1 billion in committed investments in Terengganu in the first quarter of 2025, achieving 43% of the RM2.4 billion investment target set for the state this year. These investments are driven largely by the tourism sector and will reinforce Terengganu's position as a strategic hub for high-value tourism initiatives. In addition to tourism, the investments span key sectors such as agriculture, manufacturing and services, reflecting strong investor confidence in Terengganu's dynamic and diversified economy. These committed investments represent a significant step forward in the East Coast Economic Region's (ECER) tourism and agricultural transformation, the council said in a statement. Terengganu Menteri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar said that realised investments stood at RM729.7 million as of March, creating over 1,000 new jobs in the state. The manufacturing sector remained the key driver, followed by tourism, agriculture, and services. 'Terengganu continues to position itself as a strategic destination for investors, supported by strong collaboration between the state government, ECERDC, and the Malaysian Investment Development Authority. 'We are committed to advancing innovation and sustainable growth across key sectors, from agriculture to high-tech manufacturing, to create quality employment, spur long-term economic progress and strengthen the state's economic foundation,' he said. Among the commitments are a 60MW photovoltaic solar farm integrated into an agricultural project, an ammonium paratungstate processing facility and a waste collection and treatment centre. Others include a dairy farm supported by a Napier grass plantation and biodigester system, and a calcined kaolin production facility. A key development highlighted at an ECER Terengganu Implementation Coordination Committee meeting in Kuala Terengganu recently was the completion of infrastructure expansion works at the Kerteh Biopolymer Park (KBP). Delivered under Phase 4A, the upgrade strengthens KBP's role as a national platform for advanced materials, clean technologies, and biopolymer production. Since KBP commenced operations in June 2015, the industrial park has recorded RM5.1 billion in realised investments, with demand for industrial space continuing to grow. To support this demand, the KBP SME Complex Phase 1B is currently under construction and scheduled for completion next month. Once operational, the facility will offer purpose-built units tailored for SMEs in the energy sector and support services, helping nurture a resilient and innovation-led industrial ecosystem in Terengganu. ECERDC CEO Datuk Baidzawi Che Mat said the delivery of strategic infrastructure such as KBP and the successful attraction of quality investments speak to the ECERDC's long-term commitment to building a high-performing, sustainable economy. 'These achievements are more than physical developments; they represent an enabling ecosystem for innovation, inclusive growth, and global investor confidence,' he added. In tandem with investment growth, ECERDC is progressing several key infrastructure projects. The Kuala Terengganu airport road upgrade is on track for completion and will significantly enhance connectivity between Sultan Mahmud Airport and the city centre. The project includes an 'Executive Drive' route to facilitate logistics and improve investor access. The KTCC Promenade Phase 1 is 56% complete. The project is designed to boost tourism and urban vibrancy. In addition to industrial projects, the council highlighted the ongoing rollout of the Inisiatif Pendapatan Rakyat – Program Usahawan Tani, which is equipping B40 communities with modern and sustainable farming practices. The fertigation chilli project in Bukit Bidong is poised to become the largest in Malaysia by the end of 2025, driven by precision farming systems and community-led management. Complementary initiatives include sweet potato cultivation in Kampung Banggol and Kampung Saujana, as well as an integrated agriculture project in Taman Rahmat, Marang. To scale up the programme, ECERDC is facilitating up to 400 acres across nine Terengganu locations for agro-based projects, benefiting over 400 participants. These efforts will further embed Terengganu's reputation as an inclusive and sustainable agriculture pioneer.
Barnama
29-04-2025
- Business
- Barnama
Manufacturing Sector Powers Kelantan's Economic Progress As ECERDC Spurs RM1.21 Bln In Investments
GENERAL KUALA LUMPUR, April 29 (Bernama) -- Kelantan's transformation into an emerging industrial hub continues to gain momentum as the East Coast Economic Region Development Council (ECERDC) secures RM1.21 billion in realised investments, driven primarily by the manufacturing sector. Kelantan Menteri Besar Datuk Mohd Nassuruddin Daud said the progress surpassed the annual investment target, reflecting the strong commitment of the state government with the federal government through ECERDC. "The RM1.21 billion in realised investments, driven largely by the renewable energy sector, signals Kelantan's readiness for high-impact development. "With an additional RM290 million in committed investments projected to create over 650 new jobs, investor confidence in Kelantan's long-term potential continues to grow," he said after chairing the East Coast Economic Region (ECER) Implementation and Coordination Committee Kelantan meeting in Kota Bahru today. In a statement, ECERDC said the achievement reaffirms Kelantan's growing appeal as a competitive investment destination within the ECER. ECERDC said key contributors to this milestone include the 84 megawatt (MW) mini hydro power plant project in Kuala Krai, which has begun groundwork, and the development of an automotive 3S (sales, service and spare parts) centre at the Halal Park in Pasir Mas, which is expected to commence operations in the fourth quarter of 2025. According to the statement, major progress has been recorded in the construction of the Palekbang–Kota Bharu Bridge. It also noted that the works on the cable-stayed section across Sungai Kelantan began in April 2025, and the overall project remains on track for completion. Meanwhile, ECERDC has formalised a collaboration agreement with Perbadanan Kemajuan Pertanian Negeri Kelantan and Pertubuhan Peladang Kawasan Bukit Awang today.
