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Sarawak Corridor of Renewable Energy (Wilayah Pembangunan Koridor Pembaharuan Tenaga Sarawak) (Score)
Sarawak Corridor of Renewable Energy (Wilayah Pembangunan Koridor Pembaharuan Tenaga Sarawak) (Score)
RENEWABLE ENERGY
(WILAYAH PEMBANGUNAN
KORIDOR PEMBAHARUAN
TENAGA SARAWAK)
(SCORE)
BACKGROUND OF SARAWAK
Located on the NorthWestern shore of Borneo Island. The
largest of the 13 states in the Federation of Malaysia &
cover a total area of 124 449 sq km.
Industrial Institutional
Marketing
Development Development
Strategy
Strategy Strategy
Concept :
New heavy industries.
Abundant energy, cheap land,
Waterfront.
Rational : Implementation :
Economical location. Port.
Far away from Zoning.
population centres. Development.
Types of Industries :
Aluminium smelter
and downstream.
Steel mill and downstream.
Flat glass and downstream.
Heavy marine engineering
and similar.
10 PRIORITY INDUSTRIES
Oil Based industry.
Aluminium industry.
Steel industry.
Glass industry.
Tourism industry.
Palm Oil industry.
Timber Based industry.
Livestock industry.
Aquaculture industry.
Marine engineering industry.
INCENTIVES
INVESMENT INCENTIVES.
Investors in strategic industries will receive attractive
financial incentives to set up their operations in SCORE.
Among them are incentives offered by the Federal
Government through Malaysian Industrial Development
Authority (MIDA).
Other incentives that investors receive infrastructure
allowance, import duty exemption and double deductions
on freight charges.
MIDA offers other specific incentives for small-scale
companies for promoted services and for exports.
RECODA
The corridor is managed & promoted by The Regional
Corridor Development Authority (RECODA).
2. Infrastructure Development.
4. Corporate Services.
ECONOMIC IMPACT
The Sarawak economy is expected to undergo significant
transformation with the implementation of the corridor
development plan.
2030 Sarawaks economy will grow by more than five times,
dominated by manufacturing, construction & services.
The real GDP figure for Sarawak in 2006 was USD6.7 billion
& GDP growth was at 4.9%.
By 2030 projected that without SCORE, the States real GDP
would reach USD21.9 billion & growth at 5%.
With the implementation of the corridor development
programme, Sarawaks projected real GDP in 2030 would be
more than double that figure at USD34.6 billion & growth at
7%.
Sarawak will achieve the status of a development state well
within the timeframe of Vision 2020 & in the process achieve
the goal of balanced development.
CONCLUSION
The Sarawak Corridor of Renewable Energy
(SCORE) one of five regional development
corridors.
Major initiative undertaken to develop the
Central Region and transform Sarawak into a
developed State by the year 2020.
Improving the quality of life for the people of
Sarawak.