Latest news with #SabahEconomicDevelopmentandInvestmentAuthority
Borneo Post
a day ago
- Business
- Borneo Post
Reconstruction of Tuaran–Sungai Damit Bridge to begin in September
Construction of the Tuaran–Sungai Damit Bridge to begin in September. KOTA KINABALU (July 30): The long-awaited reconstruction of the Tuaran–Sungai Damit Bridge in Sabah is set to commence in early September 2025, following its approval under Rolling Plan 5 of the 12th Malaysia Plan (RMKe-12). In a written reply to Tuaran Member of Parliament Datuk Seri Panglima Madius Tangau during the Dewan Rakyat sitting on Tuesday, the Ministry of Economy confirmed that the RM30 million project will be managed by the Sabah Economic Development and Investment Authority (SEDIA), with the Sabah Public Works Department (JKR) serving as the implementing agency. 'The project is currently in the final stages of contractor appointment, expected to be finalised by August 2025,' the ministry stated. 'Construction will take 18 months, with completion expected by March 2027.' Madius had requested an update on the bridge project's status, including its projected start and completion timelines. The ministry noted that the bridge project was initially approved on 24 March 2017 under Rolling Plan 2 of the 11th Malaysia Plan (RMKe-11). However, studies later revealed that the original structure was unsafe, leading to a plan for demolition and reconstruction. In September 2022, the Task Force Damit Committee recommended building a new bridge at the same site, citing value for money, structural integrity, and user safety. The original bridge's construction began on 20 April 2018 and was slated for completion by 19 October 2019, but the structure is now fully closed to all vehicles due to safety concerns.
Borneo Post
05-07-2025
- Business
- Borneo Post
Sabah Cockle Resource and Industry Development Project launched
Hajiji releasing the blood cockle broodstock at the jetty of the Borneo Beach and Mangrove Resort in Tuaran on Saturday. TUARAN (July 5): The State Government has launched the Sabah Cockle Resource and Industry Development Project that has potential to generate RM34.4 million, based on an estimated landing of 3,240 metric tonnes per year and a return on investment of 7.6 times. Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor said the project would open up new export opportunities for Sabah cockles through downstream activities such as canning, sambal kerang (cockle paste) and blood cockle-based food products. 'For the private sector, this is the best time to invest in seafood processing, sustainable packaging, and the development of Sabah's export supply chain. 'This opportunity is not only profitable but also builds a sustainable future,' he said at the launching of the project at the Borneo Beach and Mangrove Resort here on Saturday. The Chief Minister said the Sabah Cockle Resource and Industry Development Project aligns with the State Government's commitment to ensure the Blue Economy becomes a solid economic foundation for the people of Sabah. The State Government is committed to taking steps in exploring marine and maritime resources as part of efforts to strengthen the state's position in the international Blue Economy landscape. 'The Blue Economy not only has the potential to balance prosperity with sustainability, but by the year 2030, the global value of the Blue Economy is projected to reach USD3 trillion,' he said. The Sabah Cockle Resource and Industry Development Project, to be carried out in two phases, is a collaboration between the Sabah Economic Development and Investment Authority (SEDIA), the Malaysia Fisheries Department and the Sabah Fisheries Department. The first phase, which has already been completed, involved mapping studies and exploration of blood cockle (Tegillarca granosa) resources conducted from October 2024 to May 2025 at six potential locations, including Tuaran and Beluran, which would kickstart the pilot project. The second phase of the project is scheduled to commence in 2026, involving the transfer of technology and actual field implementation. Hajiji said that a total of 77 aquaculture lots have been identified, comprising 12 in Tuaran and 65 in Beluran covering an area of 1,617 hectares. Each lot will be managed by 10 household heads (KIR), making it a total of 770 KIR as the main beneficiaries, comprising fishery entrepreneurs, rural communities and the B40 group. 'In fact, even if only 40 per cent of the lots operate at optimum capacity, participants can generate a monthly income of around RM4,800 to RM6,500,' he said. 'Certainly, the communities involved will gain sustainable income through blood cockle farming. Youth will also be trained in modern aquaculture skills, producing a new generation of Sabah's marine entrepreneurs. 'Indeed, this project will not only bring significant change to the people, particularly the community involved, but also to the environment and the state's economy. 'Sabah will be developed as the ASEAN Blue Seafood Hub, on par with major producing states such as Perak, Penang and Selangor,' he said. The Chief Minister said the State Government is fully committed to supporting this industry and want the project participants to get continuous training and modern technology. 'I urge the communities in Tuaran and Beluran, as the pioneers or leaders of this project, to fully utilise the acquired modern technology to enhance the capacity and productivity of the aquaculture sector,' he said.
The Sun
05-07-2025
- Business
- The Sun
Sabah cockle industry potential hits RM34.4 million annually
TUARAN: The cockle industry in Sabah holds significant economic potential, with projections indicating an annual revenue of RM34.4 million based on an estimated yield of 3,240 tonnes per year. Chief Minister Datuk Seri Hajiji Noor highlighted this opportunity during the launch of the Sabah Shellfish Resource and Industry Development Project. The initiative aims to stimulate local economic growth through shellfish products while expanding export opportunities via downstream activities such as canned cockles, shellfish sambal, and other value-added food products. Hajiji urged private sector investors to capitalise on seafood processing, sustainable packaging, and export chain development, calling it a profitable and sustainable venture. The project aligns with Sabah's Blue Economy strategy, which seeks to balance economic prosperity with environmental sustainability. By 2030, the global blue economy is expected to reach US$3 trillion, reinforcing the state's commitment to marine resource development. A collaboration between the Sabah Economic Development and Investment Authority (SEDIA), the Malaysian Fisheries Department, and the Sabah Fisheries Department, the project will unfold in two phases. The first phase, completed recently, involved resource mapping and exploration in Tuaran and Beluran from October 2024 to May 2025. The second phase, starting in 2026, will focus on technology transfer and field implementation across 77 farming lots covering 1,617 hectares. Each lot will be managed by 10 households, benefiting 770 fishery entrepreneurs, rural communities, and B40 group members. Even with 40% operational efficiency, participants could earn between RM4,800 and RM6,500 monthly. Hajiji, who chairs SEDIA, emphasised that the project will train youth in modern aquaculture, fostering a new generation of marine entrepreneurs. Sabah aims to become the ASEAN Blue Ocean Seafood Hub, rivalling major producers like Perak, Penang, and Selangor. The state government pledges ongoing support through training and technology to ensure long-term success.
The Star
05-07-2025
- Business
- The Star
Sabah launches cockles development project to potentially generate RM34mil in annual revenue
KOTA KINABALU: Sabah has launched its Cockle Resource and Industry Development Project, which has the potential to generate RM34.4mil in annual revenue, once fully operational. Chief Minister Datuk Seri Hajiji Noor said this number was based on an estimated landing of 3,240 metric tonnes per year and a return on investment of 7.6 times. He said this project would open up new export opportunities for Sabah cockles through downstream activities such as canning, sambal kerang (cockle paste) and blood cockle-based food products, offering not only profits but also building a sustainable future. 'For the private sector, this is the best time to invest in seafood processing, sustainable packaging, and the development of Sabah's export supply chain,' he said at the launching of the project at the Borneo Beach and Mangrove Resort Tuaran, Saturday (July 5). Hajiji said the Sabah Cockle Resource and Industry Development Project aligned with the state government's commitment to ensure that the Blue Economy becomes a solid economic foundation for the people of Sabah. He said Sabah was committed to taking steps in exploring marine and maritime resources as part of efforts to strengthen the state's position in the international Blue Economy landscape. 'The Blue Economy not only has the potential to balance prosperity with sustainability, but by the year 2030, the global value of the Blue Economy is projected to reach USD3 trillion (RM12.6trillion),' he said. This project, to be carried out in two phases, was a collaboration between the Sabah Economic Development and Investment Authority (Sedia), the Malaysia Fisheries Department and the Sabah Fisheries Department, said Hajiji. The first phase, which kickstarts the project, has already been completed and involved mapping studies and exploration of blood cockle (Tegillarca granosa) resources conducted from October 2024 to May 2025 at six potential locations, including Tuaran and Beluran, he said. The second phase of the project is scheduled to commence in 2026, involving the transfer of technology and actual field implementation. Hajiji said that a total of 77 aquaculture lots have been identified, comprising 12 in Tuaran and 65 in Beluran, covering an area of 1,617 hectares. Each lot will be managed by 10 household heads (KIR), making it a total of 770 KIR as the main beneficiaries, comprising fishery entrepreneurs, rural communities, and the B40 group. 'In fact, even if only 40% of the lots operate at optimum capacity, participants can generate a monthly income of around RM4,800 to RM6,500,' he said. 'Certainly, the communities involved will gain sustainable income through blood cockle farming. Youth will also be trained in modern aquaculture skills, producing a new generation of Sabah's marine entrepreneurs,' Hajiji said. He said this project would not only bring significant change to the people, particularly the community involved, but also to the environment and the state's economy. 'Sabah will be developed as the Asean Blue Seafood Hub, on par with major producing states such as Perak, Penang, and Selangor,' he said. Hajiji said the state government was fully committed to supporting this industry and wanted the project participants to get continuous training and modern technology. 'I urge the communities in Tuaran and Beluran, as the pioneers or leaders of this project, to fully utilise the acquired modern technology to enhance the capacity and productivity of the aquaculture sector,' he said.
