MCKIP is the first industrial park in Malaysia to be developed jointly by both countries and the first bilateral project in Malaysia that will be accorded national-level status.
In addition to MCKIP, ECERDC will also be promoting other key projects in ECER Malaysia at CAEXPO 2012 such as the Gambang Halal Park, Pekan Automotive Park, KertihBioPolymer Park and Palm Oil Industrial Cluster (POIC), among others.
MCKIP will provide synergy with these key industrial parks within ECER SEZ, with a total development area of over 3,000 acres.
Blessed with abundant natural resources and a strategic location facing the South China Sea, that are also supported by good infrastructure and attractive fiscal and non-fiscal incentives, ECER Malaysia serves as the ideal gateway for investors who are keen to tap into the ASEAN and Asia Pacific markets.
ECER Malaysia has attracted some RM32.7 billion worth of investments from 2007 to June 2012, of which RM12 billion was recorded in the first half of 2012.
The Region already has a proven track record in attracting Chinese investors. Last year, Eastern Steel SdnBhd, a joint venture between China Shougang Group and Malaysia’s HiapTeck Venture Berhad, announced its commitment to invest RM1.8 billion to build an integrated steel mill in the Kemaman Heavy Industrial Park in Terengganu.
In addition, Zhanjiang Guolian Aquatic Products Co Ltd of China, together with its Malaysian joint venture partner Ocean Aquatic Marine (M) Sdn Bhd, plans to invest RM1 billion over a five-year period in an integrated shrimp farming project on 1,000 hectares of land in Kampong Pasir Putih, Marang, Terengganu.
About ECERDC and ECER Malaysia
The East Coast Economic Region Development Council (ECERDC) is a statutory body established tospearhead the execution and implementation of the East Coast Economic Region of Malaysia (ECER Malaysia) Master Plan. ECERDC plays a lead role in setting the directions, policies and strategies in relation to the development of ECER Malaysia, as well as in promoting and facilitating investments into the Region.
ECER Malaysia, which covers the states of Kelantan, Terengganu, Pahang and the district of Mersing in Johor, is a rapidly transforming region that is steadily positioning itself as a distinctive, dynamic and competitive destination for investments.
Geographically, ECER covers a total area of over 66,000 sqkm or 51% of Peninsular Malaysia. It is home to some 4.3 million people, or about 15% of the total national population.
The economic growth in the Region is driven by five key economic clusters, namely Tourism, Oil, Gas & Petrochemical, Manufacturing, Agriculture and Education. These clusters are supported by developments in Social and Human Capital, Transportation, Infrastructure, Property and Environment to make the Region the ideal destinationfor investment, working and living.
FOR MORE INFORMATION PLEASE CONTACT:
ECERDC Media Relations Department, Corporate Communications Division
Name : Noor Azma Abdul Rahman
Email : firstname.lastname@example.org
SOURCE: East Coast Economic Region Development Council (ECERDC)