KUALA LUMPUR: The Ministry of International Trade and Industry (MITI) and the East Coast Economic Region Development Council (ECERDC) is looking to capitalize on the potential of the growing recreational vehicle (RV) industry to boost the region, and subsequently the nation's economy.
Speaking at the RV Vehicle Type Approval (VTA) certificate handover to Knaus Tabbert AG, MITI deputy secretary general Datuk Sri Norazman Ayob said his ministry is working closely with the Malaysian Investment Development Authority (MIDA) and ECERDC to attract high quality investments such as that of the RV industry into Malaysia as investments provide the impetus towards achieving robust and sustainable growth for the nation.
While no exact figures were divulged, the RV industry's multi-tiered expansion as a whole is said to have the potential to bring in billions of ringgit worth of investments and that MITI is looking forward in welcoming and facilitating more investments to grow the RV industry in the East Coast Economic Region (ECER) and across the country.
It is indicated that the move will take place as early as H1 2023 and that Pahang might also be the hub for the RVs to be locally made (CKD) though no further details were given.