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Sabah records RM10.2bil in investments till Q3, says Hajiji

Sabah records RM10.2bil in investments till Q3, says Hajiji

18 Dec 2023

Sabah has done well to attract domestic and foreign investments worth RM10.2bil from January to September, says Chief Minister Datuk Seri Hajiji Noor.

These investments created 891 jobs from 99 projects, he said.

He said this comprised 13 projects from the manufacturing sector, seven from the primary sector (mining, plantation and commodity) and 79 from the services sector (real estate, trade and distribution, tourism and utilities).

“The establishment of a dedicated state investment task force spoke volumes of the state government’s commitment to provide comprehensive support, guidance, and a conducive environment for investors to thrive and succeed.

“The government has taken proactive steps to ensure investing in Sabah continues to be as seamless as possible in areas such as the energy sector, green technology-based products, biomass downstream products, oil and gas, and tourism,” he said at the Federation of Sabah Industries (FSI) 40th anniversary gala night on Saturday..

His speech was delivered by his deputy Datuk Seri Dr Joachim Gunsalam, who is also the state Local Government and Housing Minister.

Hajiji said he was pleased to note that the FSI had joined forces with captains of industries to move Sabah’s economy.

“Collaboration and synergy between the business community and government are key to ensure seamless implementation of our development agenda that will not only benefit our state but also contribute significantly to the nation’s prosperity,” he said.

He said the state government appreciated the private sector’s support as partners in progress in the development of Sabah.

“Indeed, the state government remains committed to lead and will push the development momentum for all to thrive.

“Our development agenda under the Hala Tuju Sabah Maju Jaya (SMJ) development plan that focuses on the three main thrusts of agriculture, industry and tourism as the economic growth focus as well as human capital and people’s well-being, infrastructure network and green sustainability, has borne fruit going into the third year,” Hajiji said.

As Sabah also formed the core of the Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA), he said, the state could look forward to deeper economic integration in this region.

Source: The Star