Introduction : Sarawak Corridor of Renewable Energy (SCORE)
Sarawak is now implementing the Sarawak Corridor of Renewable Energy (SCORE) Development Plan (a long-term socio-economic development Plan until the year 2030) to create high value investment, business and job opportunities that will drive and sustain the growth and development of the State. SCORE will help Sarawak to create new sources of wealth and to move the State’s economy up the value chain. Ultimately, all these activities will increase the per capita income and enhance the quality of life that will lead Sarawak towards a high income and developed State by 2020.
SCORE covers an area of more than 70,000 square kilometres located in the central region of Sarawak and blessed with an abundant supply of natural resources. Amongst the natural resources available are vast tract of land suitable for development and huge mineral reserves for industrial purposes such as silica sand and kaolin clay and more importantly the immense energy potential especially hydropower and coal. The fundamental attractiveness of SCORE among global investors is the hydroelectric power potential (20,000 MW).
Sarawak offers many attractions and advantages for investors. It has always been investor-friendly. It offers competitively priced land, electricity tariffs, water rates as well as skilled manpower in addition to the attractive tax incentives provided by the Malaysian Government through the Malaysian Investment Development Authority or MIDA. The Malaysian Government as well as the Sarawak Government always maintains strong commitment towards protecting and safeguarding foreign investments in the State.
- To create new sources of wealth
- To move the State’s economy up the value chain
- To achieve higher per capita income
- To enhance quality of life
- To achieve balanced regional development
- To eradicate poverty