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From The Report: Sarawak 2015
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One of the five regional economic corridors being developed throughout the country, the Sarawak Corridor of Renewable Energy (SCORE) is part of the federal government’s national agenda to propel the country into achieving high-income status by 2020. SCORE’s game plan for transitioning Sarawak into a high-income state is premised on transforming its economic base towards advanced industry by more effectively using and adding value to its vast natural resources. At the same time, clean and affordable power provides a competitive advantage for attracting energy-intensive investment. The impetus now is on the state to ramp up its educational efforts and streamline immigration procedures to ensure that the stock of human capital keeps pace. Port projects are being monitored closely, as not only does capacity need to be expanded, but the construction of purpose-built storage facilities is also required to cater to new materials being produced by companies in SCORE such as aluminium products, pulp and paper, bio-diesel, downstream timber products and agro-produce.

This chapter contains interviews with Wilson Baya Dandot, CEO, Regional Corridor Development Agency (RECODA); Takeo Suzuki, President, Tokuyama Malaysia; and Isaac Lugun, CEO, Samalaju Industries. 

 

Articles from this Chapter

Overview

Sarawak’s SCORE attracts investment thanks to natural resources, developing facilities and geographic allocation
OBG
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One of five regional economic corridors being developed throughout the country, the Sarawak Corridor of Renewable Energy (SCORE) is part of the federal government’s national agenda to propel the country into achieving high-income nation status by 2020. SCORE’s game-plan for transitioning Sarawak into a high-income state is premised on transforming its economic base towards advanced industry by more optimally utilising and adding value to its vast natural resources. At the same time,…

Interview

OBG talks to Wilson Baya Dandot, CEO, Regional Corridor Development Agency (RECODA)
OBG
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Interview:Wilson Baya Dandot How is the Sarawak Corridor of Renewable Energy (SCORE) developing, and how is its employment potential being made clear to the public? WILSON BAYA DANDOT: The broader development journey of Sarawak over the past 20 or 30 years has laid the foundation for the state’s economic growth, and the impact on GDP growth and rise in per capita income over the years has been evident. SCORE is a manifestation of this growth at its current stage, and its key importance…

Analysis

Foreign direct investment gains momentum in Sarawak’s SCORE
OBG
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The Sarawak Corridor of Renewable Energy (SCORE) was largely responsible for Sarawak’s receiving the most foreign direct investment (FDI) of any of Malaysia’s states over the first nine months of 2014, valued at RM8.7bn ($2.6bn). In all, the corridor has generated a cumulative investment value of RM32.9bn ($10bn) between its launch in 2008 and the end of 2014, with RM27bn ($8.2bn) being directed towards energy-intensive plants in the Samalaju Industrial Park (SIP). SETTING THE TONE:…

Interview

OBG talks to Takeo Suzuki, President, Tokuyama Malaysia
OBG
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Interview:Takeo Suzuki What are the incentives attracting foreign investors in heavy industry, and how can Sarawak capitalise on strong trade ties between Japan and Malaysia? TAKEO SUZUKI: Sarawak holds numerous advantages as an investment destination for foreign companies looking to set up branches or plants here, but there are four major incentives that influenced our decision to base our polycrystalline silicon plants in Samalaju Industrial Park. Foremost is the ready availability of hydropower…

Interview

OBG talks to Isaac Lugun, CEO, Samalaju Industries
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Interview:Isaac Lugun How has the demand for a township at the Samalaju Industrial Park evolved in line with the heightened activity of SCORE’s early investors? ISAAC LUGUN: Understanding the history of Samalaju and the development of energy-intensive industries at the Samalaju Industrial Park is critical to charting the development process for all of the Samalaju Township. The rapid rise of heavy industrial activity at Samalaju has been a fortuitous one, as the allocation of power generated…