Promote Economic Accelerator Projects along ECRL Corridor
KUALA LUMPUR, Feb 27 (Bernama) — The Malaysian Investment Development Authority (MIDA), in collaboration with the East Coast Economic Region Development Council (ECERDC), UOB Malaysia and Viknesh & Yap Law Firm, organised a briefing session namely, “The Growing and Expanding Opportunities in the East Coast Economic Region” today. With over 100 participants from various industries, the event featured a line-up of speakers who provided insights on business opportunities and facilities available for companies to invest in the Economic Accelerator Projects (EAPs) along the ECRL Corridor.
In his welcoming remarks, Mr. Ahmad Khairuddin Abdul Rahim, Deputy Chief Executive Officer II of MIDA said, “MIDA is optimistic that through the EAPs, this rail project will contribute towards bridging the development gap between the east and west coasts of Peninsular Malaysia, given the potential growth for industrial, commercial and tourism sectors in the region. Companies must take advantage of the various initiatives that are available such as Pioneer Status, Investment Tax Allowance, Automation Capital Allowance and grants such as the Domestic Investment Strategic Fund (DISF) and Digital Transformation Acceleration Programme (DTAP) to grow their business in the country. MIDA is ever ready to assist domestic and foreign investors in expanding their investment here.”