Why Invest in Sabah
The Sabah Development Corridor is an economic corridor initiative that spans throughout the state of Sabah. Leveraging on its natural endowment as well as locational advantage to generate economic growth while ensuring optimum resource allocation, SDC with Greater Kota Kinabalu serving as the main growth pole, has designated six Strategic Development Areas (SDAs) in Sabah to complement the Greater Kota Kinabalu Intiative. These are the Bio-Triangle, Agro Marine Belt, Interior Food Valley, Kinabalu Gold Coast Enclave, and Brunei Bay Integrated Development Area and Oil and Gas Clusters. The SDAs have specific fiscal incentives package for investors.
Based on the alignment with the national agenda under the Economic Transformation Programme (ETP) and the National Key Economic Areas (NKEAs) to transform Malaysia into a high-income nation by the year 2020, key focus areas of SDC are agriculture, tourism, logistics and manufacturing; oil, gas and energy; higher education, and palm oil. Entry Point Projects (EPPs) with a target investment of RM77.5 billion by the year 2020 have been identified.
Best known for its cultural heritage and natural endowment, SDC has great potential in the services industry and resource-based business ventures.
Sabah offers the following advantages to investors:
Oil, Gas and Energy
Oil and gas resources provide investors with an opportunity to invest in the petrolchemical and gas industry. In recent years, the oil, gas and energy sector was the hive of much activity, with the commencement of various projects such as the Sabah Oil and Gas Terminal (SOGT), Sabah Sarawak Gas Pipeline (SSGP) Kimanis Power Plant (KPP) projects, a 30MW Geothermal power plant in Tawau, and the Sabah Ammonia and Urea project (SAMUR) in Sipitang.
Agricultural and Natural Resources
Sabah's fertile agricultural land, marine resources and forests offer great potential in resource-based manufacturing activities such as the timber and wood-based industry, food and agro-based as well as biotechnology industries. Almost 30% of Malaysia's oil palm production comes from Sabah.
The SDC offers green field opportuuunities in human capital development, especially in environmental, natural resources and biotech-related industries. With direct air accessibility to many capital cities in Asia, Sabah can serve as an education and research centre in environmental and conservation studies. The Danum Valley Field Research Centre has been harbouring reserach scientists in tropical rainforest from all over the world.
Biodiversity as Eco-Attractions
With more than 2,000 flora species, Mount Kinabalu, Southeast Asia's tallest peak, pristine national parks and conservation areas as well as access to the world renowned Coral Triangle with Sipadan island, Sabah's natural charm is hard to ignore. Mount Kinabalu is listed as an UNESCO heritage site. Sabah biodiversity resources have been well conserved and unaffected by the Ice Age.
Known to be the home of 32 ethnic groups, Sabah's culture is distinct and unique. The multi-cultural environment can inspire creative minds and offers great opportunities in the tourism industry.