KOTA KINABALU: The second phase of the Sabah Development Corridor (SDC), between 2011 and 2015, will see accelerated economic growth with greater private investment and first class human capital development, said Sabah Economic Development and Investment Authority (Sedia) chief executive officer Datuk Dr Yaakub Johari.
“In this timeline, we anticipate tourism to surpass a 10 per cent share of gross domestic product (GDP), the creation of critical small-and-medium enterprises (SMEs) serving downstream manufacturing companies, and to have agri-businesses that participate in high value agriculture,” he said here yesterday.
He said the SDC managed to secure a record RM30.6 billion in investments during the first phase (2008-2010), whereby RM11.95 billion was realised, surpassing the target of RM11.3 billion.
“New business and investment opportunities have also been generated arising from the implementation of the various SDC projects.
“The resulting vibrant investment climate has further boosted investor confidence and encouraged substantial investments into Sabah.
“Sabah has been receiving enquiries and visitors from foreign investors and embassy officials regarding investment opportunities in SDC.
“Sedia is now in the midst of negotiating with potential investors from Brunei, Middle Eastern countries, the United States, the United Kingdom, Australia, China, India, South Korea and Japan,” Dr Yaakub added.
He said the implementation of SDC projects, as well as, new investment opportunities have created new business and employment opportunities for professionals, skilled, semi skilled and unskilled construction workers.
“In terms of job opportunities and employment creation, about 32,900 new jobs were created in 2008 following the launch of SDC and more than 40,000 new jobs in 2009,” he said.
Dr Yaakub said the third phase (2016-2025) of the SDC would see Sabah emerging as one of the leading economic regions, particularly, in resource-based industries.
“With this in mind, we envision Kota Kinabalu to become one of the most liveable cities in Asia, an emerging metropolis which draws talent, capital and companies.
“The SDC is not only about economic prosperity…we aspire to have people living together in harmony regardless of race, language or religion,” he added. (Bernama)
By 2015, we hope we can see a big economic growth in Sabah. no more title for Sabah as the poorest state in Malaysia.ReplyDelete
This will be chance for us.Delete
I hope SDC will promote more things in the future.Delete
Tidak mungkin Sabah akan menjadi negeri termiskin dengan sumber-sumber yang boleh menjana pendapatan yang banyak.Delete
SDC akan membawa Sabah ke peringkat yang berkembangDelete
As Sabah progresses into 10MP and SDC,the Government would continue to plan and implement timely projects with the overall aim of uplifting standards of living.Delete
diharap pembangunan sabah akan terus bergerak dengan pantas...status antara negeri termiskin di malaysia harus dikikis buat selamanya.ReplyDelete
This is one of the good news we have in 2012.ReplyDelete
The economic growth in Sabah is getting more and more. I'm glad that the government is making an effort to it.ReplyDelete
Not only the government but the people has need to work hard also.Delete
SDC is one of the GLCs that have helped in improvising the whole state.ReplyDelete
Good luck to SDC, hope this will lead to positive economy growth.Delete
Mogakan yang terbaik untuk ekonomi di Sabah.Delete
Semoga apa yang dirancangkan akan berjalan dengan lancar. Usaha kerajaan yang berterusan ini patut disokong rakyat.ReplyDelete
Usaha semua golongan amat diperlukan untuk membaiki status negeri Sabah.ReplyDelete
Sabah akan menghala ke arah yang lebih berkembang dengan perkembangan industri-industri yang berpotensi.ReplyDelete
Perkembangan ini akan membawa perubahan dari segi taraf kehidupan.ReplyDelete
ya, ini dapat membantu kepada pembangunan dan peningkatan taraf hidup rakyat Sabah.Delete
Sebenarnya jika SDC ini dirancang dengan baik dan dilaksanakan sepenuhnya pasti akan mencapai pembangunan yang baik.ReplyDelete
SDC yang ada ini akan membuka mata pelabur asing untuk datang ke Sabah. Bukan saja Sabah ini kaya dengan keindahan alam namun antara Negeri yang aman damai.ReplyDelete
jika ekonomi terus berkembang dan keamanan setiasa terjaga, pelabuar asing akan lebih ramai datang ke sini.Delete
kerajaan harus memastikan perancangan yang lebih keseluruhan agar pembangunan juga keseluruhan.ReplyDelete
Mogakan SDC akan membawa manfaat khas golongan yang kurang berkemampuan.ReplyDelete
byk projek luar bandar dilakukan seperti naiktaraf jalan raya di keningau, kalabakan dan byk lagi.ReplyDelete
SDC dijangkan akan memberikan hasil yang positif dan perkembangan ekonomi yang pesat kpd Sabah.ReplyDelete
ekonomi Sabah semakin berkembang, ini sesuatu yang baik.ReplyDelete
total cumulative committed investment in the 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.ReplyDelete
yup.. and with the effectiveness and efficiency of state government administration, this state managed to be ranked no.1 for the highest private investment in this country..ReplyDelete
There are now RM112.8 billion worth of investments planned and committed in Sabah ever since the Sabah Development Corridor (SDC) was launched in January 2008, said Chief Minister Datuk Seri Musa Aman.ReplyDelete
Speaking at the 10th Sabah Economic Development and Investment Authority meeting at Wisma Sedia, Thursday, he said it was undeniable that the SDC, which runs on the State Government Halatuju Agenda, has stimulated the investment climate for Sabah.ReplyDelete
"Several huge investments from both domestic and overseas such as in the oil and natural gas industry, oil palm, fisheries, livestock breeding and tourism are now located in Sabah," he said.ReplyDelete
He said flagship projects such as the POIC Lahad Datu and Sandakan, Keningau Integrated Livestock Centre, Sandakan Education Hub, Sabah Agro-Industrial Park, Oil and Natural Gas Cluster, Marine Industry Cluster, Kinabalu Gold Coast Enclave and agropolitan projects are already in their implementation phase.ReplyDelete
He said several infrastructure projects also have been successfully completed.ReplyDelete
He said Prime Minister Datuk Seri Najib Tun Razak launched the Kemabong Agropolitan and the Tongod Agropolitan by Deputy Prime Minister, Tan Sri Muhyiddin Yassin, last year.ReplyDelete
This year alone, Najib, he said, also launched the Sabah Ammonia-Urea Complex (Samur) project in Sipitang on Feb 16 and the Keningau Integrated Livestock Centre and Sabah Handicraft Centre in June 16.ReplyDelete
Musa said he also had the opportunity to launch the Sembulan Riverpark, another of the various SDC projects, just last month.ReplyDelete
The SDC projects, he said, have been streamlined with that of the Government Transformation Programme (GTP) and Economic Transformation Programme (ETP) through the Corridor's and Bandar Utama initiatives.ReplyDelete
"I am very happy that the governance structure for the implementation of the Corridor and Bandar Utama initiatives is fully operational," he said.ReplyDelete
The committee has already been appointed, he said, and that at the first meeting of the SDC committee conducted on Apr 27 Minister in the Prime Minister's Department cum Pemandu Chief Executive, Datuk Seri Idris Jala, was present.ReplyDelete
The State Government and the Sabah Economic Development and Investment Authority (Sedia), he said, were also instrumental in helping to commence public-private partnership programmes under the supervision of the Public-Private Partnership Unit (UKAS).ReplyDelete
So far, he said, the Tawau Green Energy, project owner of the geothermal power plant and three EPP project holders namely Sipadan Mangrove Resort, Sabah International Convention Centre (SICC) and International Technology and Convention Centre (ITCC) has signed the easy funding agreement with UKAS and Bank Pembangunan Malaysia.ReplyDelete
He said the Federal Government has approved RM353.93 million of the total RM459.2 million so far for the four projects.ReplyDelete
Musa said Sedia has also signed the Heads of Agreement (HoA) with Annam Corporation, a subsidiary of Brunei Investment Agency, on June 16 in conjunction with the ground-breaking ceremony of the SDC Keningau Integrated Livestock Centre.ReplyDelete
The Jejak Teraju programme that was launched on June 5, he said, is aimed at enhancing bumiputera entrepreneurs' participation in SDC projects.ReplyDelete
"Teraju has set up a secretariat at TERAJU@Koridor for SDC at Sedia's office to facilitate entrepreneurs interested to obtain advisory services on how to utilise the easy funding worth RM100 million for bumiputera entrepreneurs in Sabah," he said.ReplyDelete
He said Sedia has also signed a Memorandum of Understanding (MoU) with the SME Bank on May 20 to assist small and medium enterprises (SMEs) that are involved in economic activities in SDC gain access to loan facilities.ReplyDelete
He said Sedia has also created a one-stop-information centre named SDC Information Centre at its office.ReplyDelete
All these initiatives, he said, are to ensure all levels of the socio-economy enjoy the benefit of development in Sabah just as the government promises that "no one is left behind".ReplyDelete
Musa in his capacity as Sedia Chairman, also congratulated Datuk Seri Dr Ali Hamsa on the latter's appointment as the new Chief Secretary to the Government.ReplyDelete