Sarawak Corridor of Renewable Energy
The Sarawak Corridor of Renewable Energy (SCORE) is a new development corridor in central Sarawak, a state of Malaysia that is part of the island of Borneo. SCORE was launched on 11 February 2008 by then Malaysian fifth Prime Minister, Abdullah Ahmad Badawi. It is one of the five regional development corridors being developed throughout the country. SCORE is managed by Regional Corridors Development Authorities (RECODA). In 2014, SCORE accounts for 90% of Sarawak total foreign direct investment of RM 9.6 billion, and about 87.2% were from foreign investors. Chief Minister of Sarawak, Adenan Satem was quoted as saying that 19 projects with more than MYR 32 billion in FDI has been approved so far.
SCORE covers an area of 70,709 sq km of central region of Sarawak; with a coast line of 320 km long. Major urban areas are Sibu, Bintulu, Mukah, Sarikei and Kapit. Three major nodes are to be focused under SCORE are Similajau, Tanjung Manis and Mukah.
Growth and development
The main area of development in Similajau is the Samalaju Industrial Park ("SIP"). As of 2014, 15 out of 19 projects in SCORE are located in SIP, with an FDI of MYR 27 billion. Currently, Press Metal Bhd MYX: 8869 (aluminum smelting), Japan’s Tokuyama Corporation and Iwatani-SIG Industrial Gases Sdn Bhd (Iwatani-SIG) are operational at SIP. In 2014, three producers of ferroalloy and manganese are and will be operating in SIP, OM Materials (Sarawak),Pertama Ferroalloys and Sakura Ferroalloys.
According to SCORE’s official website, Sarawak’s industrial sector is currently undergoing a transformation and the opportunities for investment are immense. Value-added industries are taking an increasingly dominant role in the development of the state and the days when Sarawak exported raw materials that were finished elsewhere are long over, with the new clusters set to put “Made in Sarawak” stamps on more goods and services in the years to come.[not in citation given]
- Baram Dam, a dam that is part of SCORE
- Ninth Malaysia Plan
- Iskandar Malaysia
- Northern Corridor Economic Region
- East Coast Economic Region
- Sabah Development Corridor