ID :
181438
Wed, 05/11/2011 - 12:09
Auther :
Shortlink :
https://oananews.org//node/181438
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ECERDC AIMS TO ATTRACT US$669.79 MILLION IN INVESTMENTS
KUALA LUMPUR, May 11 (Bernama) -- The East Coast Economic Region Development Council (ECERDC) aims to attract RM2 billion (US$669.791) in investments through its participation in the inaugural Annual Investment Meeting 2011 (AIM 2011) in Dubai.
"Through ECERDC's participation in AIM, we aim to increase the awareness of the East Coast Economic Region (ECER) and the investment opportunities available in it among global investors, especially from the Gulf Cooperation Council nations," said ECERDC Chief Executive Officer, Datuk Jebasingam Issace John.
The three-day AIM 2011, starting May 10, is organised by the United Arab Emirates (UAE) Ministry of Foreign Trade. It is expected to attract over 1,000 participants.
He said the Council led projects in ECER are a unique type of public-private partnership.
"Both the public and private sectors collaborate, to implement the economic projects.
"ECER's key strengths lie in its strong resources endowment, competitive land cost, incentives and cost of doing business, strong potential for property development and lower cost of living," said Issace.
He said the projects in ECER are formulated to tap into opportunities in the Halal New Growth Clusters which have a total estimated value of US$274 billion worldwide.
"ECER's strategic location enables investors to tap the Asia Pacific market with a total population of two billion," he added.
Between 2007 and end-February 2011, ECER attracted RM38 billion worth of investments from both locally and overseas, of which RM23 billion has been received. (US$1=RM2.99)
"Through ECERDC's participation in AIM, we aim to increase the awareness of the East Coast Economic Region (ECER) and the investment opportunities available in it among global investors, especially from the Gulf Cooperation Council nations," said ECERDC Chief Executive Officer, Datuk Jebasingam Issace John.
The three-day AIM 2011, starting May 10, is organised by the United Arab Emirates (UAE) Ministry of Foreign Trade. It is expected to attract over 1,000 participants.
He said the Council led projects in ECER are a unique type of public-private partnership.
"Both the public and private sectors collaborate, to implement the economic projects.
"ECER's key strengths lie in its strong resources endowment, competitive land cost, incentives and cost of doing business, strong potential for property development and lower cost of living," said Issace.
He said the projects in ECER are formulated to tap into opportunities in the Halal New Growth Clusters which have a total estimated value of US$274 billion worldwide.
"ECER's strategic location enables investors to tap the Asia Pacific market with a total population of two billion," he added.
Between 2007 and end-February 2011, ECER attracted RM38 billion worth of investments from both locally and overseas, of which RM23 billion has been received. (US$1=RM2.99)
