SDC woos whopping RM32b investment till May: Sabah CM

October 07, 2010

KOTA KINABALU, Oct 7 – The Sabah Development Corridor (SDC) has attracted RM32 billion investment between January 2008 and May this year, 30.5 per cent of the targeted RM105 billion investment for the next 18 years.
Chief Minister Datuk Seri Musa Aman said this showed encouraging initial response from both foreign and local investors for the SDC, an initiative to fully exploit the abundant natural resources at the corridor for state economic growth.
The initiative is expected to create 900,000 jobs and boost the gross domestic product by four-fold to RM63.2 billion by 2025, he said at the launch of the Economic Transformation Programme (ETP) open day today.
Musa said the SDC focused on agriculture, palm oil, tourism, oil and gas as its core activities.
He said the SDC was parallel with the ETP initiative to transform the agriculture sector into “agri-business” to suit market requirements and integrated value chain. – Bernama