business development: To encourage further development and transform Sabah into a flourishing investment hub, the Sabah Development Corridor SDC is offering attractive incentive packages for businesses across various industries, according to The Japan Times. Established in 2008, the SDC is a joint initiative by the Malaysian federal government and Sabah state government to enhance residents' quality of life through economic growth and sustainable resource management. Additionally, its agriculture, forestry and petroleum industries have laid a firm economic foundation for new business development. In order to fulfill its objectives, which include tripling Sabah's gross domestic product per capita by 2025 and generating more than 900,000 new jobs, the initiative is offering tax incentive packages to support businesses in various sectors. If the initiative continues to meet its targets, Sabah will emerge as a leading economic region; in this vein, its state capital, Kota Kinabalu, would also transform into one of Asia's most livable cities and a hub for global talent. The initiative's endeavors have already borne fruit, with overall poverty in the state reduced from 23 percent in 2004 to 2.9 percent in 2016.
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