Apply for SCORE incentives via state govt, investors told
BINTULU: Foreign investors who want incentives specially designated for the Sarawak Corridor of Renewable Energy (SCORE) have been told to approach the state government.
Minister in the Prime Minister’s Department, Tan Sri Nor Mohamed Yakcop (Economic Planning Unit), said the requests must be first submitted by the state government to the Malaysian Industrial Development Authority (MIDA) for discussion before any decision could be made.
Nor was speaking to reporters after a short visit to Bintulu Port Authority (BPA) in Tanjung Kidurong here yesterday prior to his official visit to Bakun hydroelectric dam in the afternoon.
He said MIDA would discuss any matter pertaining to the special incentives meant to attract foreign investors to SCORE.
It was also noted that there have been several forms of special incentives for foreign investors among which is a five-year tax-free period.
However, Nor did not elaborate further on whether or not there has been any new nor additional special incentives approved to date.
“I am very happy to see that the state government has been able to ensure that all the overall development plans are in place,” he said.
He assured that any efforts to realise SCORE would be given full support by the federal government.
SCORE is one of the five development corridors in the country, and as such is an important initiative and development catalyst for Sarawak’s central region.
Nor said the development that would take place was aimed at accelerating and generating the state’s economic growth and development so that the people would enjoy a much better living standard.
He said among the projects to be located at SCORES’s Samalaju area would be processing of high-quality silica products, and Tanjong Manis’ Halal Hub with focus on aqua-culture.
Chief executive officer of Bintulu Port Holding Berhad (BPHB), Mior Ahmad Baiti Mior Lub Ahmad; Bintulu Development Authority (BDA) general manager Mohidin Ishak; Bintulu Deputy Resident Sirai Daha and senior officers from the State Planning Unit were among those present at the function.