Unveiling of KKCW at SDC Launch
KKCW has been identified as one of the key components of the Sabah Development Corridor (SDC) during the SDC launch by YAB Prime Minister Datuk Seri Abdullah Ahmad Badawi on 29 January 2008. The SDC seeks to accelerate economic sectors of growth amongst which tourism is a key sector identified as a prime mover. KKCW shall spur the new tourism contribution with the integrated waterfront lifestyle of modern living, entertainment, and shopping, in the process creating a new tourism corridor.
Sabah Development Corridor
The Sabah Development Corridor program is initiated by the Government to accelerate economic growth and elevate income levels in the state of Sabah. The SDC initiative will span from 2007 to the end of the 12th Malaysia Plan period (2025).
There are a number of objectives behind SDC initiative. Firstly, the program is part of the Government's commitment to helping the Region maximizes its economic potential and closing the development and income gap between the different regions in Malaysia. Secondly, the Malaysian economy aims to move towards higher value-add and knowledge based economic activities to drive further increases in per capita income. Sabah has the potential to maximize its resources and be the leader in a number of these sub-sectors.
Increasing Value Add from Existing Industries
The overall theme for the Sabah Corridor initiative is "increasing value add from existing industries" emphasising transformation and expansion of the agricultural, bio-technological avenues, tourism and logistics sectors in the region. The SDC initiative will seek to accelerate the sectors move towards higher value-add activities such as design and R & D. Key tourism assets such as the National Park Islands of Sipadan, Pulau Tiga, Mabul, and Kinabalu National Parks, will be enhanced to attract a higher-yielding tourists, thereby increasing per capita tourist spending and the size of the tourism industry in the Region. Harnessing and organizing the palm oil industrial potential will be enhanced with Palm Oil Industrial Cluster at Lahad Datu role in getting investors to open up more palm oil related industries within the area.
The cultivation of new crops such as jatropha may be a cheaper alternative in providing the raw materials for the bio-diesel plants. The promotion of downstream activities in the agricultural sector, the promotion of new manufacturing activities in the furniture industries, biotechnology, sustainable materials and oil and gas will pave the way for robust economic activities.
Find out more about SDC from the official website here.
* Information courtesy of the Sabah Development Corridor.