The fourth of a six-part monthly series on SEDCO featuring its contribution to Sabah’s economic development

The Sabah Economic Development Corporation (SEDCO) was incorporated on 21 December 1971. Even at that early stage it had envisaged the path the state would need to take for the enhancement of the Bumiputera community’s participation and stake in Sabah’s economic development. SEDCO deliberately targeted two sectors – the development of commercial shops and industrial estates and trading in construction materials and consumer goods. It was felt that these two sectors offered the best  opportunity and widest scope for the development of an entrepreneurial, commercial and industrial class of local Bumiputera businessmen and businesswomen.

The third of a six-part monthly series on SEDCO featuring its contribution to Sabah’s economic development

If any sector of Sabah’s economy has been more positively impacted than others by the Sabah Economic Development Corporation (SEDCO), it is the services sector. The successes achieved by SEDCO over forty years and the current pattern of Sabah’s economic progress testifies to this. Today the services sector accounts for almost 50% of the State’s GDP and employs some 640,000 persons or 53.3% of the work force.