RECODA discusses with EPU on leveraging BIMP-EAGA, IMT-GT for growth

The Regional Corridor Development Authority (RECODA) joined in on a virtual meeting today chaired by YBhg Dato’ Ahmad Zamri bin Khairuddin, Director of the Regional Development Division from the Economic Planning Unit (EPU) in the Prime Ministers’ Department, to share input on the proposed National Strategic Action Plan.

This was held to provide a better understanding on the issues and challenges facing the Corridor Authorities in their participation in the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) and Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT).

The meeting included a presentation by Asia Development Bank (ADB), represented by Bernard Tai, on the National Strategic Action Plan for Subregional Cooperation (2021-2025). The proposed plan’s main goal is for Malaysia to be able to effectively leverage IMT-GT to achieve its national development agenda.

“The plan includes 35 pilot projects which will be replicable and scalable, to be effectively used in respective regions, to spur growth and inject optimism into the market,” shared Dato’ Ahmad Zamri.

Also present virtually were the East Coast Economic Region (ECER), Northern Corridor Economic Region (NCER) and Sabah Development Corridor (SDC) to share key challenges faced in efforts to find solutions to effectively and efficiently optimise the benefits of BIMP-EAGA and IMT-GT.

“We would like to be given a more active role in subregional collaboration, subject to the capacity and resources available. We also intend to look into investing in data for marketing, business analysis, scientific and academic research to be able to effectively strengthen our network with international partners,” said RECODA Facilitation and Coordination Manager Khairina Dawek.

In addition to drawing investment to SCORE and creating job opportunities for Sarawakians, RECODA is also tasked with implementing infrastructure and socio-economic development projects.