ECER draws RM24.45 billion investment in 1Q 2014

PUTRAJAYA: The East Coast Economic Region (ECER) has attracted RM24.45 billion worth of investments in the first quarter of 2014.

Of the investments, RM7.54 billion worth of agreements were formalised today and witnessed by Prime Minister Datuk Seri Najib Razak.

Three potential investors for the second quarter with combined potential investments worth RM9.5.billion were also present at the ceremony.

With this latest first quarter investments, ECER, since 2007 has attracted a total of RM63.58 billion investments, which is more than 57 per cent of its RM110 billion investment target by 2020.

Najib, in a statement said over 65,000 jobs have been created for the rakyat from these investments.