بِسْمِ اللَّهِ الرَّحْمَنِ الرَّحِيم ( Bismillahirrahmanirrahim)
Welcome and thank you for visiting the Forest Plantation Development Sdn Bhd website
Forest Plantation Development Sdn. Bhd. (FPDSB) was established in 2006 as a Special Purpose Vehicle (SPV) to manage the implementation of forest plantations development Programme on a commercial scale. The Programme is a Government initiative to encourage greater private sector participation in the establishment of large-scale forest plantations to augment the supply of raw materials for the development of the timber industry as well as help alleviate pressure on the country’s natural forests. FPDSB’s core functions are to manage the disbursement of loan facility to potential private sector investors to establish forest plantations, carry out auditing of the plantations as well as provide technical support and training to the borrowers of loan facility under the Programme.
The Programme comes to a close by end of 2020. The initial target to establish 375,000 hectares (ha) of plantation forest at an annual planting rate of 25,000 ha per year for 15 years was revised downwards 130,000 ha following the rationalization of the rates of the loan facility. We are on course to achieve this target since up to now over 93% of the target has been achieved.
The forest plantation Programme is unprecedented in the sense that this initiative is the first of its kind in which the Government is providing the soft loan facility to encourage private sectors to participate in forest plantation. Undoubtedly, we have learned a lot from its inception in 2007 and acknowledge that there are several areas for improvements.
Looking to the future, and our next stage of growth, we hope to continue this effort. The Programme that we shoulder is critical in assisting the continued growth of the timber industry as an important economic sector as well as support the nation’s aspiration of maintaining at least 50% of its land under forests.
I hope this information hub and communication platform will help you to discover the services we offer and help understand the benefits and the social and environmental importance of forest plantations.