Malaysia

Kota Kinabalu, capital of Sabah
Kota Kinabalu, capital of Sabah

Malaysia has transformed itself from a nation reliant on natural resources into a middle-income country in which services account for half of total output. However, as an open and trade-reliant economy, Malaysia remains vulnerable to international developments. Keeping a sound current account and fiscal consolidation are medium-term challenges, with the Government of Malaysia continuing efforts to boost domestic demand and investments. The government, elected in May 2018, has also announced new directions toward economic restructuring and enhanced productivity.

Under the 11th Malaysia Plan, the country aims to reach high-income status by 2020, but initiatives to achieve this goal have encountered challenges. The midterm review of the plan outlined a need to realign strategies to improve the well-being of the country’s people. New directions of the government include (i) increasing competitiveness; (ii) empowering human capital; (iii) promoting balanced regional development and inclusive development; Malaysia (v) improving governance towards greater transparency and efficiency in public services; and (vi) enhancing environmental sustainability.

In Malaysia, BIMP-EAGA covers the states of Sabah and Sarawak and the federal territory of Labuan.

Sarawak and Sabah are part of the West Borneo Economic Corridor (WBEC), which also includes Brunei Darussalam and West Kalimantan in Indonesia.

Sabah is part of the Greater Sulu–Sulawesi Corridor (GSSC), which also includes North Sulawesi in Indonesia, and Mindanao and Palawan in the Philippines.

BIMP-EAGA Officials and Contacts in Malaysia

Minister 
H.E. Dato' Seri Mohamed Azmin Bin Ali 
Minister of Economic Affairs

Senior Official
Dato' Saiful Anuar Bin Lebai Hussen
Secretary General
Ministry of Economic Affairs

National Secretariat
Dr. Suhana Md Saleh
Deputy Director, Regional Development Section, Economic Planning Unit
Ministry of Economic Affairs

 

Priority Infrastructure Projects with Malaysia as Lead Country

As of 14 November 2019

 
No. Project Name Estimated Project Cost (US$ Million)
1 Pan-Borneo Highway (Sarawak and Sabah) 7,000
2 Construction of Kalabakan Road, Serudong (Sabah) 193
3 Limbang Bridge (Sarawak) 50
4 Sandakan Airport 20
5 Mukah Airport 93
6 Expansion of Sepangar Bay Container Port 231
7 Lahad Datu Palm Oil Industrial Cluster (Container Port) 201
8 Dredging of Tawau Port 6
9 Dredging of Kuching Port 100
10 Limbang Hydro Project 1 (Sarawak-Sabah Interconnection) 160
11 Limbang Hydro Project 2 (Sarawak-Sabah Interconnection) 345
12 Limbang Hydro Project 3 (Sarawak-Sabah Interconnection) 487
13 Lawas Hydro Project (Sabah-Sarawak Interconnection) 211
14 Bekalalan Border Immigration Post 4