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Five MoUs inked in Labuan on education and investments

Five MoUs inked in Labuan on education and investments

14 Apr 2022

Federal Territories Minister Datuk Seri Shahidan Kassim today witnessed the signing of five memorandum of understandings (MOUs) between Labuan Corporation and several business establishments and a public university.

Shahidan said the MOUs with Universiti Malaysia Sabah Labuan International Campus (UMSKAL) was to bring in foreign students.

“We want to realise Labuan’s vision to turn the island into a tourism education hub as it is strategically located within ASEAN,” he told reporters at Dorsett Grand Hotel here today.

He said the MOUs with UW Global Incorporated and European Credit Investment Bank Ltd were aimed to attract foreign and local investors to develop the local investment and financial related sector.

Shahidan said the Labuan Corp-IFC Capital Bhd MOU involved Labuan’s development.

He said Labuan Corp, being the local authority, also signed an MOU with Tan Lan Holdings (M) Sdn Bhd regarding food supply to Labuan.

The last MOU was signed with GIA Technology Ltd regarding a blockchain data centre.

Source: Bernama