KUCHING: To expand the Sarawak Corridor of Renewable Energy (Value) area into the interior and rural areas of the country, the Sarawak Government has established three development agencies under the Regional Corridor Development Authority (Recoda).
The agency is; Upper Rajang Development Agency (Urda) and Highland Development Agency (HDA), both of which were established on 12 July 2017 and the North Regional Development Agency (NRDA) which was established on 15 March 2018.
"This is in line with the country's development agenda to accelerate the construction of physical infrastructure and facilities in the regions in order to modernize the rural economy," said Chief Minister Datuk Patinggi Abang Johari Tun Openg on the eve of the 10th Dinner Dinner Award held at Kuching Convention Center Kuching (BCCK) last night.
With the latest initiative, the Score area which is said to have now been expanded from around 70,000 square kilometers to around 100,000 kilo square meters or two-thirds the size of Sarawak.
Also present at the celebration were Yang di-Pertua Negeri Tun Pehin Sri Abdul Taib Mahmud who was given tribute for his outstanding contribution to Score when he was the prime minister of Sarawak.
Abang Johari also revealed that through the Score Development Plan, the country is expected to generate RM334 billion in investments where RM267 billion or 80 percent is expected from the private sector while the remaining RM67 billion will come from the public sector.
When the Score Development Plan is fully realized in 2030, it is also expected to create 1.6 million new employment opportunities, especially for young Sarawak people.
Since the birth of the score in 2008, Sarawak has recorded an average economic growth of 3.2 percent.
The gross domestic product (GDP) in 2008 he said was RM86.9 billion and was projected at RM145.2 billion in 2018.
"Our nominal GDP per capita in 2008 reached RM36,075 and RM51,925 in 2018. Scores have contributed significantly to the country's economic performance, especially through public and private investment," said Abang Johari, who is also chairman for the Score.
With the establishment of the Sarawak Development Bank (DBoS), the state government he added is now able to provide funds of RM4.5 billion to Recoda for development projects under Urda, HDA and NRDA.
On that note, the state government, he said, would continue to support the development of the Score because it proved to be an effective effort against and industrial countries.
To date, he said Score has recorded more than RM79,971 billion in public and private investment.
"Of this, RM33.64 billion or 42 percent comes from private investment. "The total amount of private investment that has been realized so far is RM22.53 billion, which is generated from nine projects that are already operating," he added.
Seven of these projects were added to Samalaju Industrial Park while each of them was located in Mukah and Tanjung Manis.
Abang Johari also revealed that seven of the investors in Samalaju Industrial Park had contributed significantly to the local economy by generating an abundance of around RM500 million per month.
Also present at dinner were Deputy Chief Minister Datuk Amar Douglas Uggah Embas, Datuk Amar Awang Tengah Ali Hasan, Minister of International Trade and E-Commerce Dato Sri Wong Soon Koh, Chair of Sarawak Biodiversity Council Datuk Amar Wilson Baya Dandot, Tan Secretary Sri Morshidi Abdul Ghani and Chief Executive Officer Recoda Datu Ismawi Ismuni.