/// East Malaysia Property News
RM1.4 Billion Disbursed for Sabah
Development Corridor Projects
MyHome Scheme Started on
April 1
Urban Wellbeing, Housing and Local Government Minister Datuk
Abdul Rahman Dahlan studying a project from Wah Mie Group,
winner of SHAREDA affordable homes platinum award in 2013
The official website of SEDIA, http://www.sedia.com.my
Disbursements for
projects in the Sabah
Development Corridor
(SDC) for the 2008-2014
period under the Ninth
and Tenth Malaysia Plans
are currently at RM1.4
billion.
This is 85.3 per cent
of the total federal
government allocation
of RM1.634 billion
received by the Sabah
Economic Development
and Investment Authority
(SEDIA) as at the end of
February this year.
Chief Minister Datuk
Seri Musa Aman said
by the first quarter of
2014, RM128 billion in
investments had been
planned and committed
to, and of this, about
RM38 billion had been
realised. “This is also since
the launch of the SDC in
2008.
“We are expecting the
investment momentum
in the SDC to continue
gathering pace, especially
with the attention of
global investors shifting
to Asia, and economic
recovery in the United
States and the European
Union,” he said this in his
opening remarks at the
15th meeting of members
of SEDIA at its office.
Musa, who also Sabah
Finance Minister and
16
SEDIA chairman, added
that the authority had
been in operation for five
years and almost all of
the SDC flagship projects
are taking shape.
“SEDIA has been
collaborating with Teraju
through the TERAJU@
SDC programme to
support Bumiputera
entrepreneurs.
He called on
implementing agencies to
ensure that development
projects are carried out
according to schedule,
meet the desired quality
and produce the targeted
outcome.
“It has also worked
closely with the Ministry
of Science, Technology
and Innovation for
1Agro-SAIP programme
and with agencies under
its umbr [H