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| Datuk Seri Musa Aman |
What impact is the Sabah Development Corridor (SDC) having on the state’s economic growth?
MUSA: The state’s economy has proven to be quite resilient since the launch of the SDC on January 29, 2008. At the height of the recent global economic downturn, the growth of the advanced economies declined to 0.2% and -3.2% in 2008 and 2009 respectively, while Malaysia recorded 4.7% and -1.7% in the same years. Sabah, on the other hand, registered 7.7% in 2008 and managed to remain positive at 3.3% in 2009. We are expecting the state’s economy to ride through the global economic rebound in 2010 and strengthen further in 2011, driven by government spending, buoyant commodity prices and new investments. Annual GDP growth is expected to average at more than 7%.
Looking at the performance of the SDC thus far, since the beginning of the Ninth Malaysia Plan, which was also the timeline of the first phase of SDC, Sabah’s mean gross monthly household income increased to RM3102 ($972) in 2009, from RM2395 ($751) in 2004. The average growth rate of income was recorded at 5.3% over the period 2004-09, and poverty incidence declined from 24.2% in 2004 to 19.7% in 2009. The SDC has had a largely positive impact on economic growth.
What areas of the economy are being targeted to attract an increase in private sector investment?
MUSA: The 10th Malaysia Plan (10MP) has identified 12 key economic areas that will drive the national economy from middle-income to high-income status. Four areas relevant to Sabah’s economic agenda are the tourism, agriculture, oil and gas, and palm oil industries. The economic contributions of these industries are expected to increase over the course of the 10MP.
Key industries identified by the state government under the SDC programme are resource-based industries such as palm oil, cocoa and rubber; food processing industries involving fruits and vegetables, marine and aquaculture products, dairy and livestock; petrochemical and gas industries; and silica-based industries.
Emphasis will be given to enhancing productive capacity, including developing advanced industrial infrastructure, the promotion of human capital development and research and development (R&D) activities, and the promotion of knowledge-based industries.
yup, Musa Aman is the Key to develop this state to be the most developed state in Malaysia by 2015.. he managed to bring many improvement to this state not only by the implementation of Federal economic plan in the state level, but also under state government economic plan under his own initiatives..
ReplyDeleteThe government have a clear idea of the 12 key areas that needs to be emphasized. I'm sure they already have a good plan to achieve what is needed.
ReplyDeletesabah-go-green.blogspot.com
The Sabah state government has launched many programs regarding he agriculture, food manufacturing, fishery, plantation, livestock, petroleum and more. The locals should give support and take the opportunity presented to them to improve their quality of life.
ReplyDeletesabah-go-green.blogspot.com
the State Government, in its continuous effort to improve the livelihood of its people, is promoting agriculture as one of the main thrust areas to attract investment and play an integral part in the development of the State.
ReplyDeleteSabah is working hard to achieve the self sufficiency target level of 60% for rice by 2020. The government has set a strategic Halatuju for the development of the rice industry to ensure the target is met.
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