Sabah’s economy is off to a strong start this year, owing to investments worth several billion ringgit secured in the first quarter of 2012, as well as an economic plan focused on creating wealth and empowering the business community.
To date, the Sabah Development Corridor (SDC), launched in 2008, has amassed a remarkable RM107 billion (US$34.87 billion) in investments. These funds will sustain 31 entry point projects (EPPs), which are expected to generate RM35.5 billion (US$11.57 billion) in incremental gross national income, along with roughly 144,000 new jobs, according to Musa Aman, the chief minister of Sabah.
These projects included: the Sabah Oil and Gas Terminal in Kimanis, which was projected to generate RM6.3 billion (US$2.05 billion); the palm oil industrial cluster (POIC) in Lahad Datu, worth RM8.6 billion (US$2.8 billion); and coastal tourism development, expected to contribute RM8.6 billion (US$2.8 billion).
Sabah under the Barisan Nasional is more suitable because their know what should to do for develop Sabah economy.
ReplyDeleteThe total cumulative committed investment in the Sabah Development Corridor (SDC) has reached RM107 billion as at the end of the first quarter of this year.this reflects the private sector confidence in the state’s economy following the alignment of SDC and other projects with national level plans.
ReplyDeletethe implementation of SDC and the establishment of the Sabah Economic Development and Investment Authority (SEDIA) had facilitated and enhanced a closer working relationship between the state and federal governments.
ReplyDeletegood to know that SDC managed to bring such huge investment to this state in only 4 years.. hopefully there will be more projects under SDC in the future..
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