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 is Malaysia positioning science as a key driver of the country’s economic prosperity?
One of the largest of Malaysia’s 13 states, Sabah is banking on an economic development strategy that aims to make the most of its strategic position in the South China Sea, the beauty of its landscape and the riches of its natural environment. The plan centres on the Sabah Development Corridor (SDC), one of five economic development zones...
The five-year development plan 11th Malaysia Plan (11MP), which runs from 2016 to 2020, was launched in 2015 and is considered to be the final and decisive step in Malaysia’s long journey to realise its aspirations of becoming an advanced economy. This will mean increasing its GDP per capita to surpass the critical threshold of $15,000....
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