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Press Release
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Friday, February 17, 2012

RM77b to pour into Sabah

PM: 31 projects to propel state into an economic powerhouse

KOTA KINABALU: The Prime Minister has announced 31 Entry Point Projects (EPPs) for Sabah that is set to transform the state into an economic powerhouse.

Datuk Seri Najib Tun Razak said the projects, with a targeted investment of RM77.5bil by 2020, were poised to generate an Incremental Gross National Income of RM35.5bil.

Najib said these would spawn almost 150,000 new jobs and drive Sabah's annual economic growth to an average of 9%.

The projects will involve the tourism, palm oil, agriculture, oil and gas, education and manufacturing and logistic industries.

"Sabah is projected to achieve a GNI of RM110bil and a per capita income of around RM32, 400 or 72% of the national target over the same period," he said after launching the Sabah Development Corridor and Regional Cities Programme here yesterday.

The key focus areas for the SDC will be the development and modernisation of Kota Kinabalu into a lifestyle hub, boosting public and private healthcare for health tourism and improving early child-care education.

Launched in July last year, the Corridors and regional Cities Lab was meant to help align Malaysia's five regional economic corridors with the Government's wider Economic Transformation Programme (ETP).

The Lab for the SDC was conducted by the Performance Management and Delivery Unit and Sabah Economic Development and Investment Authority.

Meanwhile, Najib expressed pleasure at the close working relationship between Federal and state governments.

The efficient implementation of the SDC projects, the outcome of the Corridors and Regional Cities Lab and the implementation of schemes under the Public-Private Partnership Programme (PPP) were the fruits of this close rapport, he pointed out

The Federal Government has approved close to RM500mil in Facilitation Funds under the PPP for six projects in Sabah including the Tawau geothermal power plant, Integrated Jesselton Waterfront and Sabah International Convention Centre and Gleneagles Medical Centre here.

Meanwhile, Bernama reported that there is also anticipation that Najib will make an announcement on the Federal Cabinet's decision on a proposal to set up a Royal Commision of Inquiry (RCI) on illegal immigrants in Sabah.

Source from: The Star
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