ECERDC beats target with RM10.3bil investments in 10 months [WATCH]
KUALA LUMPUR: The East Coast Economic Region Development Council (ECERDC) has exceeded its 2026 investment target, recording RM10.3 billion in realised investments in the first 10 months, or 104 per cent of its RM10 billion annual goal.
![ECERDC beats target with RM10.3bil investments in 10 months [WATCH]](/img/16979465)
The East Coast Economic Region Development Council (ECERDC) has surpassed its 2026 investment target by RM10.3 billion in the first 10 months, exceeding the RM10 billion goal. This surge in investments is expected to generate approximately 8,000 jobs, surpassing the initial target of 4,000. ECERDC also secured RM13.2 billion in committed investments, surpassing its RM10 billion target.
The investments were primarily driven by projects in Kelantan, Terengganu, Pahang, and Johor, with Terengganu leading the way with RM4.8 billion in realised investments. Key contributors include the expansion of Kemaman Port and a floating solar farm in Terengganu. In Segamat, Johor, the hybrid solar plant developed by Lestra Hexa JV Sdn Bhd played a significant role.
ECERDC has also signed two memoranda of understanding to bolster industrial and logistics development, with one focused on the Tanjung Agas Industrial Area in Pahang and the other on the Segamat Inland Port.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
