M'SIA EAST COAST ECONOMIC REGION COURTS GERMAN INVESTORS

By Manik Mehta

FRANKFURT, April 27 (Bernama) -- Representatives of Malaysia's East Coast
Economic Region Development Council, who were recently part of a 70-member
strong Malaysian business delegation on a visit to Germany, made a strong
pitch before a large audience of potential German investors and invited them to
avail of the "incredible business opportunities" available to them in
Malaysia's east coast.


"We have earmarked a huge outlay of some RM15 billion (about US$4.1 billion)
over the next 15 years. Half of the allocations will be spent for infrastructure
development while the other half from the private sector is to develop a number
of industries," said Jebasingam Issace John, chief executive officer of the East
Coast Economic Region Development Council, in an interview with Bernama in
Frankfurt.

"We are looking at all approaches and programmes to accelerate the region's
development from five per cent to 7 per cent of the national gross domestic
product and in the process expect to create half-a-million new jobs by 2020,"
he said.

He listed a number of areas where the ECER was inherent with good business
potential. The attractive features of Kuantan Palm Oil Industrial Park, Pekan
Automotive Industrial Park, Pahang Technology Park, Kemaman Heavy Industrial
Park, Halal Park, Kuantan Palm Oil Industrial Park, Kertih Plastics Park were
highlighted before the investor audience.

Because of the imbalance in the development between the east and west coasts
of the country, the Malaysian government's strategy is to develop logistics
infrastructure, including ports, airports, roads and highways
which will make shipments and distribution easier.

The private sector would concentrate on developing oil, gas and
petrochemicals, resource-based manufacturing industries, tourism, agriculture
and education, he said.

One of the "most important projects," according to Jebasingam, is
development of the Kuantan Port which will offer connectivity to two
billion people in the Asia-Pacific region.

The port recorded a throughput of 10 million tonnes in 2008 and has
projected it to grow to 30 million tonnes in 2020.

"Kuantan Port is also being developed to accommodate larger vessels of
the current generation. The expansion is being done to facilitate oil and
gas shipments and other commodities, mainly, to Aeean markets.

"We are also developing a free trade zone and a transshipment hub for the
automotive cluster in the Pekan Automotive Industrial Park," he said.

Jebasingam said the ongoing global recession might take longer
than a year but emphasised that Malaysia would be spared "because of our
regulatory controls that are in place to manage the banks".

Malaysia's Central Bank, he said, was doing a "good job" whereas in Europe
and elsewhere there was a "free for all" with little or virtually no controls.

"Thus Malaysia has a better chance of getting out of the recession ...we
don't have a credit crunch," he added
-- BERNAMA