KOTA KINABALU: The federal government has approved RM2.404 billion allocation in the 11th Malaysia Plan (RMK-11) for Sabah Development Corridor (SDC) projects.
The Chief Minister, Datuk Seri Panglima Musa Aman, said some of the new projects under SDC are the expansion for Sepanggar Container Port, studies on the main planning for Hub and Logistic Air Freight, and the construction of a new jetty at POIC Sandakan.
“RM262 million has been approved for project implementations for 2016, and the federal budget for 2016 will also provide RM523 million to improve Sabah Eastern Security Zone,” he said during the 20th Meeting of the Authority event here, today.
Musa said the Sabah Economy Development and Investment Authority (SEDIA) has successfully bringing in new investments for SDC despite the current challenging global economy.
He said Sabah emerges as an attractive destination for investors thanks to the state’s strategic location in the middle of ASEAN region.
“Sabah can function as a gateway for the dynamic economy of East Asia, and potentially include Asia Pacific, with the completion of the Trans-Pacific Partnership Agreement (TPPA),” he said.
Sabah also recorded a business surplus of RM6.8 billion within the first eight month of this year, only slightly lower compared to the previous year.
“In the same period, the amount of raw petroleum export has increased by 45.3 percent, reaching RM10.4 billion in value.
“SDC has served as a catalyst and machinery for growth in realizing the national economic aspiration,” he added.
He also said SEDIA management and employees will continue to uphold high standard for operation efficiency in delivering services without affecting its integrity and corporate administration. -SayangSabah