KOTA KINABALU  The Sabah Development Corridor blueprint (SDC) launched early this year will be able to attract RM105 billion in investments to develop Sabah by the year 2025.

The investments will be mainly from the private sector, said Chief Minister, Datuk Seri Musa Haji Aman in his opening speech at the Sabah International Business Conference 2008 (SIBC2008) and the Sabah International Expo 2008 (SIE2008) at 1Borneo yesterday.

He said that the 18-year effort will also see the State quadrupling its gross domestic product (GDP) to RM63.2 billion, creating 900,000 new jobs and making the State among the most liveable and business-friendly in Asia.

He also expressed his gratitude towards the federal government for giving Sabah the extra funding it needs to bring holistic development to all layers of its society.

To kick start the SDC, the Federal Government allocated another RM5 billion to upgrade the state’s infrastructure, he said.

And through the Ninth Malaysia Plan, Sabah received RM16.9 billion and following the mid-term review of the plan, the figure now stands at RM19.2 billion.

“A bulk of that amount, RM17.5 billion is for development projects and the remaining RM1.75 billion is in the form of Private Funding Initiative,” he said.

He added that when the national budget for 2009 was unveiled in August, Sabah received RM3 billion for infrastructure development such as in the upgrading and building of new roads that will benefit an estimated 550,000 people.

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