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MESSAGE FROM BOARD CHAIRMAN

The Sarawak Corridor of Renewable Energy (SCORE) has propelled the development of Sarawak’s economic potentials, particularly hydropower, which provides safe and consistent supply of clean renewable energy to power Sarawak’s ambitious industrialisation programme.

Hydropower from our dams, as well as other forms of power source including coal, gas and combined cycle power generation, are part of the Sarawak Government’s commitment to shift Sarawak’s economic base towards advanced industries by leveraging and adding value to its vast natural resources.

Chief among our huge power generation capability is the Bakun hydro dam, the largest of its kind in Southeast Asia. Commissioned in 2011 with a capacity of 2,400MW, it is joined by the 944MW Murum dam in 2015, thus ensuring industries a steady supply of readily available power at relatively competitive prices.

And to future-proof further power needs, the ongoing 1,285MW Baleh hydroelectric project is due for commissioning in 2026.

Such readily available hydropower can be channeled to designated growth nodes- Samalaju Industrial Park, Tanjung Manis, Mukah, Baram and Tunoh – where investors will enjoy clean and affordable power that will give them an advantage over others in the energy-intensive industries.
The Sarawak Government is also taking steps to encourage the further development of petrochemical industries in Bintulu and Lawas that can take advantage of Sarawak’s natural gas as feedstock.

Our jewel in the crown – the Samalaju Industrial Park – will continue to provide efficient and business-friendly services to its customers, with RECODA being entrusted to oversee the planning, as well as the orderly and systematic development of the industries there.

In order to expand SCORE into the interior and rural parts of the state, the Sarawak Government has further established three development agencies under RECODA, namely the Upper Rajang Development Agency (URDA), the Highland Development Agency (HDA) and the Northern Region Development Agency (NRDA).

This is in tandem with Sarawak’s development agenda to accelerate the development of physical infrastructure and amenities in these areas in order to modernise the rural economy.

Sarawak has put in place clear policies, efficient and transparent government machinery and effective mechanisms, as well as tax and other incentives, to facilitate investors’ in its economy.

With strong cooperation and collaborative efforts by both the Federal and Sarawak Governments on industrial and investment policies, we believe this will provide long-term security that is conducive to business profitability and long-term sustainability for investors.

MESSAGE FROM CHIEF EXECUTIVE OFFICER

The Sarawak Corridor of Renewable Energy (SCORE), with an area of more than 100,000km², offers exciting opportunities for companies looking to expand their operations and geographic reach in Asia’s fast-growing markets.

It is among the five economic development corridors established by the Malaysian Government as part of its ambitious plan to stimulate investment-led growth in traditionally rural areas.

Geographically, Sarawak is located at the heart of the Asia-Pacific and with its strategic location, it makes SCORE a very profitable investment hub offering cost-competitive advantages with good transportation linkages.

Power-intensive heavy industries can take advantage of Sarawak’s abundance of competitively-priced and renewable power, connectivity and investment infrastructure, friendly business policies as well as competent and trainable workforce.

This is a key competitive edge, especially for energy-intensive industries like aluminium, steel, fertilisers and cement, which makes SCORE an attractive investment haven.

Sarawak also offers rich natural resources where it is known for its oil reserves of at least 1.2 billion barrels as well as the large deposits of silica sand and kaolin which are used in ceramics and cosmetics.

Finally, our political stability and healthy fiscal environment, along with carefully-targeted federal and state tax incentives, continue to place Sarawak among the top five investment destinations in Malaysia.

We welcome investors who are keen on investing in SCORE. Investors can rest assured that we are committed to long-term sustainability and growth. Let’s make this partnership a reality and a rewarding one.