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      25 April 2019  

SEDIA works with MIDA to introduce Sabah industries to the United States
 

Kota Kinabalu (Thursday) - The Sabah Economic Development and Investment Authority (SEDIA) this morning welcomed a delegation from the Malaysian Investment Development Authority (MIDA), along with a business leader from the United States. The visiting delegation consisted of MIDA Sabah Director Habibah Enok, MIDA Sabah Assistant Director Dayang Noralizah Yassin and MIDA KL Senior Assistant Director in Foreign Investment Promotion Nurullydia Ahmad, along with Ray Ziganto, who is the founder and CEO of Linara International. SEDIA Vice President Mary Sintoh welcomed the visiting delegation and headed the discussion.

 
  SEDIA Vice President Mary Sintoh (third from right) presenting a memento to Linara International CEO Ray Ziganto (third from left), while accompanied by MIDA and SEDIA officials

With a wealth of experience in the manufacturing sector, Ziganto established Linara International nearly two years ago, a consulting firm that specialises in domestic and international mechanical component manufacturing, and offers pattern identification and trend matching services to manufacturing and technology companies. He is currently engaged with MIDA through their Chicago headquarters, and is in Malaysia under MIDA's International Leadership Programme (ILP). Through ILP, MIDA targets business leaders worldwide to come to Malaysia and familiarise themselves with the local industries environment, so as to better identify potential companies that may have interest in exploring market expansion as well as setting up a manufacturing footprint in Malaysia. The current ILP programme with Linara International will see Ziganto meeting with local investment and manufacturing authorities in Selangor, Penang and Sabah. As the One-Stop Authority for the Sabah Development Corridor (SDC), SEDIA welcomed the opportunity to brief Ray Ziganto on SDC programmes and initiatives, as well as the focused sectors and activities.

SEDIA was established on January 15, 2009, through the adoption of Sabah Economic Development and Investment Authority Enactment 2009. Through the enactment, SEDIA is vested with the necessary power to serve as a decision-making and execution institution that is tasked with realising the SDC vision and mission, by being the One-Stop Authority to plan, coordinate, promote and accelerate the development of SDC. SDC was launched on January 29, 2008 during the Ninth Malaysia Plan as one of Malaysia's five regional economic corridors, with the aim to accelerate the growth of Sabah's economy, promote regional balance and bridge the urban-rural divide, while ensuring sustainable management of state resources.

Over past years, SEDIA has been participating in exhibitions and expositions both locally and internationally, working closely with MITI as well as MIDA and other investment promotion agencies in investment promotion activities. These efforts include overseas trade and investment missions, welcoming courtesy visits by representatives and business delegations of foreign countries, attending meetings and promotion-related events at the national and international level, and to explore and attract the many forms of investments from around the globe. With the commencement of the Second Phase of SDC in 2011, SEDIA had been aggressively promoting investment into SDC.

The introduction of SDC has no doubt created greater awareness on investment opportunities in Malaysia's second largest state. Unlike other development corridors in Malaysia, SDC - an 18-year economic development programme - covers the whole state of Sabah. The corridor initiative uses a holistic development approach to ensure economic development benefits everyone in the state. Subsequent to the launching of SDC, SEDIA has been promoting Sabah, under the SDC investment tagline, "A preferred destination for business, culture and nature". SDC initiatives implemented through SEDIA have clearly succeeded in drawing investments into Sabah. By December 2018, RM166.84 billion of cumulative committed investments was recorded in SDC, of which RM81 billion had been realised.

- Media SEDIA

   
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