Page 74 - DevelopmentSynergy
P. 74
government to harness the economic potentials of an area and develop them
concurrently or in the same master plan, in a more integrated manner in order
to achieve greater economic success. That is what SCORE is all about.
Undoubtedly, the integrated development of the Central region of the state,
through SCORE, will help to convince investors that any bigger investments are
justiiable; they can be expect to yield big proits. In the development of Batang
Ai hydro dam, the State had to seek loans from World Bank because no private
investor wanted to invest in the project. It is no longer a problem to raise money
from the private sector to inance projects, those in SCORE in particular, now.
The State has upgraded the eficiency of the administration and raised the level
of the economic development to make us more attractive to the private sector.
The world has more surplus capital, which needs to be mobilized in order to
get greater proits from it. SCORE will try to attract huge capital, not in millions
but billions for the development of the Central region of the state. It is a new
game to us. The normal response of just giving lists of incentives to prospective
investors will not be enough for us to get big investors any more. They want to be
assured of a long-term relationship between them and the government in order
to guarantee good returns from their investments. Generally, huge investors want
to ind out how we chart our way forward to relect our understanding of mutual
beneits and desire for mutual help before they put their money with us. Next
they want us to study all the conditions under which they can invest their initial
investment in the country. For example, they want to know whether the State
72 DEVELOPMENT SYNERGY
concurrently or in the same master plan, in a more integrated manner in order
to achieve greater economic success. That is what SCORE is all about.
Undoubtedly, the integrated development of the Central region of the state,
through SCORE, will help to convince investors that any bigger investments are
justiiable; they can be expect to yield big proits. In the development of Batang
Ai hydro dam, the State had to seek loans from World Bank because no private
investor wanted to invest in the project. It is no longer a problem to raise money
from the private sector to inance projects, those in SCORE in particular, now.
The State has upgraded the eficiency of the administration and raised the level
of the economic development to make us more attractive to the private sector.
The world has more surplus capital, which needs to be mobilized in order to
get greater proits from it. SCORE will try to attract huge capital, not in millions
but billions for the development of the Central region of the state. It is a new
game to us. The normal response of just giving lists of incentives to prospective
investors will not be enough for us to get big investors any more. They want to be
assured of a long-term relationship between them and the government in order
to guarantee good returns from their investments. Generally, huge investors want
to ind out how we chart our way forward to relect our understanding of mutual
beneits and desire for mutual help before they put their money with us. Next
they want us to study all the conditions under which they can invest their initial
investment in the country. For example, they want to know whether the State
72 DEVELOPMENT SYNERGY
