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      30 July 2019  

SEDIA continues to support Sabah SME development

Kota Kinabalu (Tuesday) - In supporting the State government's aspirations to increase rural involvement in the economy through entrepreneurship development, the Sabah Economic Development and Investment Authority (SEDIA) has been pushing forward with its entrepreneurship development initiatives. SEDIA was a strategic partner during the 2019 Kudat Festival and had showcased 20 local entrepreneurs and their products, and will also be a co-organiser of the state-level SME Week in Tawau, bringing another 15 local entrepreneurs to promote their products.

  SEDIA Chief Executive Datuk Dr. Mohd Yaakub Johari (second from left) with SDC SME entrepreneurs during Kudat Festival 2019

The State government, under Chief Minister Datuk Seri Panglima Mohd. Shafie Apdal, has emphasised on the need to develop local entrepreneurs to contribute to the state economy. Last year, the Chief Minister had announced a new policy in the entrepreneurship development field whereby an initial fund will be made available for those interested, while this year the Ministry of Agriculture and Food Industry announced that a Young Agropreneur Grant programme is offered.

The 2019 Kudat Festival held on July 25-27, 2019 was organised by the Kudat District Office with SEDIA as a strategic partner, to promote the district's cultural heritage, tourism destinations, as well as its agriculture products. Through Sabah Development Corridor (SDC) Small and Medium Enterprise (SME) development initiatives, SEDIA had managed to assist many entrepreneurs and start-ups to establish and develop their businesses and products, and recognised the event as a timely occasion to feature the efforts of programme participants based in Kudat.

The state-level SME week co-organised by SME Corp and SEDIA will be held on August 2-4, 2019 at Eastern Plaza, Tawau, with the objectives of:

  • Promoting awareness of SME products and services;
  • Showcasing products and services from SMEs;
  • Fostering a culture of entrepreneurship;
  • Providing a platform for disseminating information; and
  • Recognising the importance of SMEs as the backbone of the economy.

During this event, SEDIA will focus its promotional efforts mainly on its SME incubatees from the region, whose products feature a diverse range including chilli, chocolates, crab snack products, and noodles, to name a few. Earlier this year, SEDIA had also organised the SME AgroBazaar @SDC, held on April 26-30, 2019, at the Sabah Agro-Industrial Precinct (SAIP), Kimanis. On showcase during the event were SDC programmes and initiatives for developing SMEs, including the facilities and services available at SAIP. The bazaar also provided for business opportunities and serve as a trading platform for investors, SMEs and start-ups, allowing them to showcase their products and services.

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 the One-Stop Authority to plan, coordinate, promote and accelerate the development of SDC. SDC was launched earlier 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. Having realised the potential of SME contributions to the state economy, SEDIA had developed initiatives and has been actively involved in SME development in Sabah since the Second Phase of SDC (2011-2015) and into the current Third and final Phase of SDC (2016-2025). The SME programmes are also in line with one of the three principles of SDC, which is capturing economic value activities. The SDC SME programmes are to help entrepreneurs, start-ups and companies to discover business ideas, validate as well as scale up their ventures.

- Media SEDIA

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