More luxury bungalows planned in Kota Kinabalu

(The Star 3-3-2008)

Government Gives Sabah A Kick Start

Property Boost: The property sector will benefit from developments in the SDC as it should benefit also from the other three development corridors due to the better infrastructure being build, greater job opportunities and higher income levels. For instance, Waterfront Urban Development Sdn Bhd (WUD) has unveiled its RM500mil Kota Kinabalu City Waterfront (KKCW) an integrated mixed development in Kota Kinabalu while SP Setia Bhd has announced an RM1bil Tanjung Aru mixed residential and commercial development.

(2-02-2008 The Star)

Kota Kinabalu Waterfront development unveiled

KUALA LUMPUR: Waterfront Urban Development Sdn Bhd (WUD) has unveiled its RM500 million Kota Kinabalu City Waterfront (KKCW), an integrated mixed seafront development situated on the waterfront of Kota Kinabalu. In a statement yesterday, it said the development would be done in collaboration with the Kota Kinabalu City Council (DBKK) within the Sabah Development Corridor (SDC). Prime Minister Datuk Seri Abdullah Badawi witnessed the signing of the tripartite agreement between WUD, Kuwait Finance House (Malaysia) Bhd and a consortium of Middle Eastern and Malaysian investors.

(30-1-2008 The Edge)

Sabah nets 13 deals in minutes

KOTA KINABALU: One of the agreements was between the state Infrastructure Development Ministry and SP Setia Bhd for the redevelopment of the 20ha Sabah Railway terminal in Tanjung Aru near here based on the KL Sentral model utilising RM600mil under the Private Finance Initiative concept. The others included:

1. THE development and promotion of Sabah as a meeting, incentive and exhibition (MICE) destination by Yayasan Sabah, Carlota’s Borneo Holidays Sdn Bhd and East West Executive Travellers Ltd of Singapore;
2. THE setting up of a bulking facility at the Palm Oil Industry Cluster (POIC) in Lahad Datu by POIC Sabah Sdn Bhd, PMB and POIC Bulking Sdn Bhd;
3. CONSTRUCTION of the Kota Kinabalu City Waterfront Development project by the Kota Kinabalu City Hall, Waterfront Urban Development Sdn Bhd, Intonasi Sdn Bhd and Kuwait Finance House (Malaysia) Bhd; and
4. THE provision of fish-landing facilities in Tawau, Sandakan and Lahad Datu by Innoprise Corporation Sdn Bhd, Felda and WTC Marine Ventures Sdn Bhd.
The eight MoUs inked yesterday were for:
1. THE establishment of a health and medical tourism centre by Borneo Eco Healing Centre and US-based Ariana Cosmetic Surgery and Laser Centre;
2. THE construction of condominium complexes and five-star hotels by Suria Capital Holdings Bhd, IJM Bhd, Pavilion International and Glomac Bhd;
3. THE development of tourism centres, townships and an SME Park by the Sabah Economic Development Corporation (Sedco) and Longyuan Construction Group Co of China;
4. A project in the POIC by Sawit Kinabalu and Sime Darby Sdn Bhd;
5. THE production of crude Jatropha biodiesel fuel by Sabah Land Development Board, Nihon Biotec Inc of Japan, Kelana Stabil (M) Sdn Bhd, Jadora LLC and TKM Resources Sdn Bhd;
6. AN agrotourism project as well as an orang-utan rehabilitation project at Ulu Segama in Lahad Datu by the Sabah Forestry Department and Sime Darby Plantations Sdn Bhd;
7. THE development of aquaculture at Darvel Bay in Lahad Datu by the Sabah Ministry of Agriculture and Food Industry and Dubai-based Semakan Group; and
8. A proposed Jatropha curcas research and development and seeds production centre by the Sabah Land Development Board and Borneo Alam Ria Biomatrix (Sabah) Sdn Bhd.

(30-1-2008 The Star)

Sabah’s three-pronged plan

THE idea initially was confined to Sabah’s east coast, specifically Sandakan, Lahad Datu and Tawau. But it grew. Today the term “corridor” is a misnomer, as the Sabah Development Corridor (SDC) encompasses the entire state, including the interior regions and the burgeoning west coast. The SDC, which will be launched by Prime Minister Datuk Seri Abdullah Ahmad Badawi today, is a three-pronged blueprint designed by the Institute for Development Studies, Sabah, targeted primarily at agriculture, tourism and manufacturing. At the same time, its architects hope that subsidiary industries will also enjoy spin-off benefits. The SDC is a three-phase programme. Under the first leg spanning 2008-2010, the RM147mil injection into the agropolitan project, involving the planting of rubber and fish cultivation in Pulau Banggi, will redress pockets of poverty on that island.

(29-1-2008 The Star)

KFH In Talks To Finance Two Sabah Projects

PENANG: Kuwait Finance House (M) Bhd (KFH) is negotiating to finance two projects in the Sabah Development Corridor. Managing director and chief executive officer Datuk K. Salman Younis said the projects were related to the infrastructure and real estate sectors.

(26-1-2008 The Star)