Sabah has a lot offer to investors, says Anifah - MIDA | Malaysian Investment Development Authority
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Sabah has a lot offer to investors, says Anifah

Sabah has a lot offer to investors, says Anifah

19 Apr 2023

Sabah has a lot to offer those seeking to invest in the state, says Datuk Seri Anifah Aman

The Invest Sabah Berhad chairman said the state has a lot to offer foreign investors, from its strategic location to its abundant natural resources and diverse economy.

“However, we need to do more to showcase our state’s potential and attract the right investors,” said Anifah, who is also the special advisor on International Relations and Foreign Investment to the Chief Minister.

Speaking during a breaking of fast event here on Tuesday (April 18), he said as the investment arm of the state, Invest Sabah must strive to be “above and beyond” the investment arms of other states in Malaysia.

To achieve this, Anifah said, the organisation needed to be proactive and increase its programmes and get involved in international ones to establish contact with potential companies to invest in Sabah.

“I have a great vision for Sabah and how it can position itself as an important factor in Malaysia’s geopolitical importance. Sabah’s strategic geographic location makes it a gateway to the Asean markets, situated on the north-eastern coast of Borneo,” said Anifah.

“The state is easily accessible by air, sea and land, and is positioned at the intersection of the Asia-Pacific region and the Middle East,” added the former foreign minister.

Anifah said this strategic location places Sabah in an ideal position to take advantage of trade and investment opportunities in the region.

He then said that Sabah has a stable political environment, with a strong focus on economic development and attracting foreign investment.

He said the state was also blessed with rich natural resources including timber, oil and gas, minerals and fertile soil for agriculture, adding Sabah was committed to promoting high industries such as manufacturing, technology and renewable energy.

“Sabah’s manufacturing sector is rapidly growing, with a focus on high value-added industries such as aerospace, medical devices, and renewable energy.

“With the state’s focus on developing the manufacturing industry, investors can participate in this growing sector,” he said.

Sabah’s oil and gas sector, Anifah added, was also a key driver of the state’s economy.

The vast reserves of oil and gas, has attracted major players in the industry, providing opportunities for investors to participate in this lucrative sector, he said.

“Promoting Sabah’s cultural and natural attractions, the state can contribute to Malaysia’s soft power and promote greater understanding and cooperation between Malaysia and other nations.

“This is where Invest Sabah will take the lead,” he said.

Source: The Star