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Home > MM2H & Others

Sarawak Corridor of Renewable Energy

Code: Sarawak
Status: Available


Borneo Life is pleased to note that Sarawak has been earmarked as one of the 5 regions like Iskander Economic Region in Johor, Northern Corridor Economic Region, East Coast Corridor on Mainland Malaysia and Sabah Corrider to receive a package of incentives. For this, six industries within these regions have been identified:

  • Creative
  • Education
  • Financial Advisory and Consulting
  • Health Care
  • Logistics
  • Tourism

As a result of the announcement in March 2008 by the Prime Minister, the middle region of Sarawak is to be designated as the Sarawak Corridor of Renewable Energy (SCORE). Huge investment will be pouring into the region and is expected to generate many jobs and opportunities aiming to make Sarawak into a developed state by 2020. We are now waiting for the yet to be formed authority to spearhead the programme (RECODA). We will attempt to update you on this development as we get it.

 

 



General incentives include:

  • exemption from corporate income tax for 10 years
  • exempt from foreign investment committee rules (ownerships, foreign employees, outside capital sourcing)

More details can be found at sarawakscore.com.my/modules/web/

For those wishing to find out what Sarawak can offer please contact us at support@borneolife.com

 



Picture Gallery


 


Minister, Director Chai, Ms Bowater