MIDA sets up dedicated team to promote development along ECRL route



KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) has established a dedicated team to promote the development of industrial parks, infrastructure, logistics hub and transit-oriented developments along the East Coast Railway Link (ECRL) project.

MIDA said in a statement on Wednesday the team within the agency was established to facilitate, evaluate and review the implementation of the Economic Accelerator Projects (EAP) along the ECRL corridor.

Moving forward, the team will engage and strategise various action plans covering promotional activities and engagements with relevant stakeholders including domestic industries.

The establishment of a dedicated team followed the signing of the Memorandum of Understanding (MoU) between MIDA and China Communications Construction Company Ltd (CCCC) on April 25, this year in Beijing, witnessed by Prime Minister Tun Dr Mahathir Mohamed and his Chinese counterpart, Li Keqiang.

According to MIDA, the ECRL project, which will form the East-West rail transport network is designed to stimulate the commercial, logistic, import  and  export, as well as tourism development activities along the proposed alignment.

With the inflows of Foreign Direct Investment and Domestic Investment as well as potential growth for industrial, commercial and tourism sectors, the railway will contribute towards bridging the development gap between the east and west coasts of Peninsular Malaysia.

These catalytic projects, it said will create a wide spectrum of business and job opportunities including the development of industrial parks, logistics hub and transit-oriented development along the ECRL corridor.

“MIDA together with CCCC will promote the EAP to maximise its success potential and invite local and international investors to invest in the projects.

“Both parties will also undertake cooperation and capacity building activities to encourage the industrial and business communities to organise or participate in dialogues, workshops, seminars and conferences, technical assistance to promote and facilitate capacity building and training, the sharing of best practices,” it said.

Information regarding the implementation of EAP would be provided from time to time, MIDA added. - Bernama

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
ECRL , MIDA , Economic Accelerator Projects ,

Next In Business News

Oil prices slip on concerns over tariffs, slowdown fears
Globaltec unit to relinquish Muara Enim 2 PSC
Asian stocks slide, yen gets a boost as US growth worries grip markets
Scientex Packaging posts higher 2Q net profit of RM9.35mil on improved export sales
Bursa Malaysia, Asian markets a sea of red as US recession fears mount
Loob plans Tealive expansion in Thailand
Ringgit opens flat against US$ following recent OPR decision
US sell-off spills over into domestic market
Trading ideas: Capital A, Sapura Resources, TDM, Kerjaya Prospek, Pecca, MGB, LSH, VSolar, Pestech, Oasis, JFTech, Annum, West River, Cuckoo
US stock market loses US$4 trillion in value as Trump plows ahead on tariffs

Others Also Read