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Economy / Malaysia

Malaysia

February 2008 | Ratings Update

Malaysia has unveiled a US$32.4bn development plan for the Eastern state of Sabah, on the island of Borneo, with the aim of creating 900,000 jobs, increasing manufacturing investments by more than ten-fold, and boosting the state's economy by more than four-fold over the next 18 years. Sabah is rich in natural resources, but the wealth is not evenly distributed and the state is populated by some of Malaysia's poorest inhabitants. Agriculture, food production and tourism will form the key focus areas for the development plan, while some of the funds will be used to improve the state's road system.

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