ECERDC FACILITATES RM1 BLN IN COMMITTED INVESTMENTS IN TERENGGANU AS OF 1Q 2025

KUALA LUMPUR, April 28 (Bernama) -- The East Coast Economic Region Development Council (ECERDC) has facilitated RM1 billion in committed investments in Terengganu as of the first quarter of 2025 (1Q 2025). 

In a statement, ECERDC said the investments achieved 43 per cent of the RM2.4 billion investment target set for the state this year.

It said the investments were largely driven by the tourism sector and reinforced 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,” it said.

ECERDC said that these committed investments represent a significant step forward in the East Coast Economic Region’s (ECER) tourism and agricultural transformation. 

Terengganu Menteri Besar Datuk Seri Ahmad Samsuri Mokhtar said the state continues positioning itself as a strategic destination for investors, supported by strong collaboration between the state government, ECERDC and the Malaysian Investment Development Authority (MIDA). 

“As of March 2025, realised investments stood at RM729.7 million, creating over 1,000 new jobs for Terengganu. The manufacturing sector remains the key driver, followed by tourism, agriculture and services. 

“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. 

ECERDC chief executive officer Datuk Baidzawi Che Mat said the delivery of strategic infrastructure such as the Kerteh Biopolymer Park (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 said.

The ECERDC added that KBP has recorded RM5.1 billion in realised investments since commencing operations in June 2015, 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 in June 2025.

“Once operational, the facility will offer purpose-built units tailored for small and medium enterprises (SMEs) in the energy sector and support services, helping nurture a resilient and innovation-led industrial ecosystem in Terengganu,” it added.

-- BERNAMA