Investors pitch mega industrial park, hydro dam projects to Hajiji - MIDA | Malaysian Investment Development Authority
contrastBtngrayscaleBtn oku-icon


plusBtn crossBtn minusBtn


This site
is mobile


Investors pitch mega industrial park, hydro dam projects to Hajiji

Investors pitch mega industrial park, hydro dam projects to Hajiji

15 Mar 2023

An 8,100ha Sabah International Industrial Park and a new port at Kimanis in south-western Beaufort district have been proposed to the state government.

Local group Kina Ventures Sdn Bhd and a Taiwan investor group plan to work together on the RM10bil project under a joint venture with Sabah.

Chief Minister Datuk Seri Hajiji Noor was briefed on the proposal during a recent courtesy call by Kina Ventures chairman Datuk Maijol Mahap, who met with Taiwanese investors at his office in Menara Kinabalu here.

The proposed industrial park was meant for both local and international investors to set up manufacturing and processing plants, stores, industrial shop-offices and others while also putting up a commercial square as well as residential units.

The entire development is estimated to have a gross development value of RM200bil, not including the value it is expected to generate from jobs and state revenue.

Hajiji told the delegation that Sabah always welcomed investors, in line with its investor-friendly policy.

Similarly, Megaworld Vest Sdn Bhd and Gezhouba Group from China have offered to set up a joint venture for a RM4bil, 1000MW hydropower generation plant in Liwagu, Ranau.

The group briefed Hajiji on the proposal, which it said was in line with the state government’s plan to have more renewable energy facilities as replacements for its current gas- and diesel-fired plants.

Gezhouba is the main contractor that built the 22,500MW Three Gorges Dam in China, the biggest hydropower dam in the world.

Megaworld Vest chairman Datuk Seri Arsit Sedi led the delegation in their meeting with Hajiji.

Source: The Star