Planning for tomorrow: Laying the groundwork for economic growth and social development

Saturday, June 23, 2012


ONE of a handful of areas designated by the government for the economic fast track, Sabah is now benefitting as this advantage comes into play across the state. Launched in January 2008, the Sabah Development Corridor (SDC) is a federal government initiative that began under the Ninth Malaysia Plan, the national development plan for 2006-10. The SDC is one of five national economic corridors aimed at enhancing quality of life, accelerating economic growth, promoting regional balance and bridging the rural-urban divide, while ensuring sustainable resource management. In Sabah, the SDC initiative aims to triple the state’s GDP per capita and increase total GDP four-fold by 2025, and it is expected to create more than 900,000 new jobs. According to Economic Planning Unit (EPU) figures cited in the 10th Malaysia Plan (10MP), with which the SDC’s goals are harmonised, the target investment in the SDC is RM16bn ($5bn). As of the end of the fourth quarter of 2009, the corridor had secured more than RM30bn ($9.4bn) in investments, with actual investment so far at almost RM12bn ($3.8bn). Because federal authorities worked closely with the state government in crafting the SDC, the initiative also dovetails with the key objectives of the state’s development agenda, Halatuju Pembangunan dan Kemajuan Negeri Sabah, also known as the Halatuju, launched in 2004 by Sabah Chief Minister Musa Aman.
 
ONE-STOP AUTHORITY: While the state agencies and government-linked firms are tasked with carrying out SDC’s initiatives, overall implementation of the plan is the responsibility of the Sabah Economic Development and Investment Authority (SEDIA). As the “one-stop authority” for the SDC, SEDIA oversees all SDC projects in consultation with the federal government and Sabah’s EPU. SEDIA’s primary responsibility is to plan, coordinate, promote and accelerate the development of the SDC. SEDIA also administers the authority’s fund...

Read More: http://www.oxfordbusinessgroup.com/news/planning-tomorrow-laying-groundwork-economic-growth-and-social-development 

6 comments:

  1. kerajaan sentiasa tampil dengan perancangan ekonomi untuk jangkamasa panjang, manakala parti lawan hanya kehulu dan kehilir mewar2kan bantuan kepada rakyat jika mereka diberikan mandat.. sedangkan kerajaan juga setiap masa menghulurkan bantuan dan dalam masa yang sama tidak lupa dengan tanggungjawab mereka dalam membangunkan ekonomi di rantau ini..

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  2. The SDC under the 9th Malaysia Plan will help promote economic growth, improve quality of life for the people, create job opportunities as well as close the gaps between the rural and urban divide.

    sabah-go-green.blogspot.com

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  3. Hopefully the Sabah Development Corridor under Musa Aman leadership will help bring Sabah towards a high income state by 2020.

    sabah-go-green.blogspot.com

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  4. byk pembangunan telah dilaksanakan di Sabah. Sabah pun kini dah byk membangun.

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  5. The strong unity and tolerance among the multi racial people in Sabah is a positive indicator that the Sabah Development Corridor (SDC) can be implemented successfully.

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  6. Sabah Development Corridor as well as the 10th Malaysia Plan and other development agendas for the benefit of the people.

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