Sabah targets RM100b GDP by 2030 through investment, industrial growth, says CM

KOTA KINABALU, Oct 29 — Chief Minister Datuk Seri Hajiji Noor revealed that Sabah is striving for a RM100 billion GDP by 2030 as part of its Sabah Maju Jaya (SMJ) development agenda. The state government is concentrating on industrial development plans, attracting investments, and ensuring effective infrastructure like a consistent, dependable, and cost-effective energy supply.

In his speech, which was read by Assistant Minister to the Chief Minister Datuk Ceasar Mandela Malakun during the opening of the Sabah Energy Corporation (SEC) Annual Planning Conference, Hajiji pointed out that Sabah's gas supply could increase from roughly 700 million standard cubic feet daily to 1,350 million by 2030, according to the Long-Term Gas Supply and Transmission Plan introduced to the state government last September.

He also mentioned that the planned development of gas resources along Sabah's east coast would present new chances for power generation and industrial expansion in the area. Hajiji emphasized advancements in enhancing Sabah's involvement in the energy sector through the Commercial Collaboration Agreement (CCA) with Petronas, signed in December 2021.

He praised the SEC's financial performance and its efforts to grow operations via the Progressive Energy Transformation Agenda (PETA 2030). Furthermore, Hajiji urged government-linked companies (GLCs) and state agencies to boost cooperation to expedite project execution and prevent potential investment losses.