With major oil and gas deposits offshore, Sabah has long been a key part of Malaysia’s hydrocarbons industry – a major driver of the national economy. Indeed, since the first commercial discoveries were made offshore in the Sabah Delta Basin back in the early 1970s, oil and gas have made up a considerable slice of Sabah’s state revenues. This...
How could the federal government’s decision to possibly devolve power to Sabah help the state’s development plans in the future?
The Sabah Development Corridor (SDC) was launched in 2008 and covers the whole of Sabah. It is now entering its third phase of development, which is likely to create more opportunities for foreign investors, particularly in the areas of tourism, hydrocarbons and palm oil-related ventures.
Developing Sabah’s infrastructure – from the provision of basic services such as electricity, water and sewers to crucial transport links such as ports, airports and roads – has long been vital to the state’s development but, given its mountainous terrain and relatively small population, is also a major logistical challenge. As in the rest of...
Since Iskandar Malaysia, one of five regional growth corridors in the country, was first mooted a decade ago, it has attracted investments in property development, not just in residential but also in industrial, commercial and hotels.
How is Malaysia positioning science as a key driver of the country’s economic prosperity?
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