Sabah Charts Course for RM100 Billion Economy by 2030

KOTA KINABALU — Sabah is mobilising a range of initiatives aimed at doubling its economic output to RM100 billion by 2030, leveraging increased investment and industrial development as primary growth drivers, the state's Chief Minister said. The ambitious target represents a significant expansion from current economic levels and underscores the government's commitment to positioning Sabah as a competitive regional economy. The strategy encompasses multiple sectors and is designed to capitalise on the state's strategic location and natural resource endowments. Officials indicated that the economic roadmap would prioritise sectors with high growth potential, though detailed breakdowns of sectoral targets were not immediately disclosed. The announcement reflects broader efforts across Malaysian states to enhance economic diversification and reduce dependency on traditional revenue sources. Stakeholders in Sabah's business community have generally welcomed the growth targets, viewing them as indicative of renewed economic momentum in the state. Success in achieving the RM100 billion target would require sustained policy consistency, infrastructure development, and competitive regulatory frameworks to attract both domestic and foreign investors.