BORNEO DEVELOPMENT CORPORATION (SARAWAK) SDN. BHD.

Borneo Development Corporation was incorporated on 28th August 1958 by the Commonwealth Development Corporation (CDC). BDC had its headquarters at Electra House in Kuching and a regional office in Kota Kinabalu, Sabah.

Its original objectives are to initiate development projects and diversify the economics of Sabah and Sarawak.

In 1962, CDC divested 50% of its shares in BDC to Sabah and Sarawak Governments, each holding a 50% share in the company. Realizing that the company’s growth would be limited due to the varying priorities of the two states’ government, on 9th May 1992, Borneo Development Corporation (Sarawak) Sdn. Bhd. was incorporated, took over the assets and liabilities, and continued BDC operations in Sarawak while the Sabah Government set up its own BDC (Sabah) Sdn. Bhd.

Borneo Development Corporation (Sarawak) Sdn. Bhd. officially commenced operation on 1st July 1992. On the 1st January of 2003, BDC moved its headquarters to Wisma Satria BDC, located at Taman Satria Jaya BDC Stampin. The authorized capital of Borneo Development (Sarawak) Sdn. Bhd. is RM38 Million of which RM 25 million is fully paid up.