How is Terengganu diversifying its investment portfolio?

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Terengganu is Diversifying Its Investment Portfolio Through a Mix of Sectoral Investments and Strategic Development Initiatives

Terengganu is actively diversifying its investment portfolio by attracting investments across various sectors, with a significant focus on manufacturing, alongside contributions from tourism and oil and gas. This diversification is supported by strategic development projects aimed at enhancing the state's economic ecosystem and connectivity, fostering an environment conducive to both domestic and foreign investment. The state has realised substantial investments and is actively working to secure further commitments, indicating a proactive approach to economic growth and development.
Realised Investments Primarily in Manufacturing and Tourism

The East Coast Economic Region Development Council (ECERDC) has successfully realised RM3.1 billion in investments within Terengganu. A dominant portion of this, 98 per cent, has been channelled into the manufacturing sector, underscoring its importance as an economic driver. The remaining 2 per cent of these realised investments have been directed towards the tourism sector, indicating a developing, albeit smaller, contribution from this area.
Securing Committed Investments with a Strong Oil and Gas Component

Beyond realised investments, ECERDC has also secured an additional RM1.7 billion in committed investments. Within this committed capital, the oil and gas industry plays a significant role, accounting for 59 per cent of the total. This highlights a strategic focus on leveraging existing strengths while simultaneously seeking to expand into new or underrepresented sectors.
A Diversified Investment Portfolio with Key Sectoral Allocations

The current investment portfolio within Terengganu demonstrates a deliberate diversification strategy. Manufacturing represents the largest share at 77 per cent, reflecting its established economic significance. Tourism accounts for 13 per cent, showing a growing emphasis on this sector's potential. The oil and gas sector constitutes 10 per cent of the portfolio, indicating its continued relevance and contribution to the state's economic landscape.
Strategic Development Projects Enhancing Economic Ecosystem

The diversification efforts are complemented by strategic initiatives designed to bolster Terengganu's economic framework. Projects such as the Economic Accelerator Project (EAP) are crucial in connecting government bodies, agencies, and the private sector to create a robust economic ecosystem. Furthermore, enhancements to infrastructure, like the upgrading of the Sultan Mahmud Airport to Kuala Terengganu City Centre road and the expansion of the Kerteh Biopolymer Park SME Complex, are intended to improve connectivity and support the growth of small and medium enterprises, thereby attracting a broader range of investments.

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How is Terengganu diversifying its investment portfolio?

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