Country Economic Work for Malaysia - Islamic Development Bank

petrochemical sector, but given the abundant non-hydrocarbon resources available in the
region, the ECER is also set to experience economic developments in the fast-growing sectors
of tourism, manufacturing, agriculture and education. The development initiatives detailed in
the ECER Master Plan will be the basis for guiding the development of this region until the
year 2020 where it will be transformed into a major local and international tourism
destination, an exporter of agro and resource based products and manufactured goods, a
vibrant trading centre and an infrastructure and logistics hub. The focus areas under the ECER
Master Plan include tourism, oil, gas, petrochemical, manufacturing, agriculture and
education.
c. Iskandar Malaysia
92. Iskandar Malaysia (IM), formerly known as Iskandar Development Region (IDR),
was established on 30 July 2006. The project is administered by the Iskandar Regional
Development Authority (IRDA) and covers an area of 2,217sq km. Iskandar Malaysia has
been allocated MYR6.83 billion by the Government. Encompassing a vast acreage of land, it
is the largest single development project ever to be undertaken in the region. The focus areas
in the IM region include creative industries, education, electrical and electronics, financial
services, food and agro processing, healthcare, logistics, petrochemical, oleo chemical and
tourism.
d. Sarawak Corridor of Renewable Energy
93. The Sarawak Corridor of Renewable Energy (SCORE) is a major initiative
undertaken to develop the Central Region and transform Sarawak into a developed state by
the year 2020. It aims to achieve the goals of accelerating the state's economic growth and
development, as well as improving the quality of life for the people of Sarawak. The core of
the Corridor is its energy resources (28,000 MW), particularly hydropower (20,000 MW),
coal (5,000 MW), and others (3,000 MW). This allows Sarawak to price its energy
competitively and encourage investments in power generation and energy-intensive industries
and acts as triggers for the development of a vibrant industrial development in the corridor.
The focus areas in SCORE region include aluminum, glass, steel, oil-based, palm oil, fishing
and aquaculture, livestock, timber-based, marine engineering and tourism.
e. Sabah Development Corridor
94. The Sabah Development Corridor (SDC) was launched on 29 January 2008 to
enhance the quality of life of the people by accelerating the growth of Sabah’s economy,
promoting regional balance and bridging the rural-urban divide while ensuring sustainable
management of the state’s resources. The initial focus is on enhancing Sabah’s livability
index and making it a business friendly location via targeted infrastructure upgrading and by
lowering the cost of doing business. By 2025, the SDC initiative aims to triple Sabah’s GDP
per capita and increase its income by four times through the implementation of the prioritised
programmes in the areas of tourism, agro-based industries, manufacturing and logistics.
Challenges/ Constraints Facing PPPs in Malaysia
95. The key binding constraints facing the PPPs in Malaysia are the following:
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