Showcase more of Sabah's potential to attract investment, says Anifah - MIDA | Malaysian Investment Development Authority
contrastBtngrayscaleBtn oku-icon


plusBtn crossBtn minusBtn


This site
is mobile


Showcase more of Sabah’s potential to attract investment, says Anifah

Showcase more of Sabah’s potential to attract investment, says Anifah

19 Apr 2023

There is more to be done to showcase Sabah’s potential to attract the right investors.

Invest Sabah Bhd chairman Datuk Seri Anifah Aman said the state has a lot to offer foreign investors, from its strategic location to its abundant natural resources and diverse economy.

“As the investment arm of Sabah, Invest Sabah must strive to be ‘above and beyond’ the investment arms of other states in Malaysia.

“To achieve this, we need to increase our programmes and proactively engage with potential investors to showcase what Sabah has to offer,” he said during a breaking fast event at a hotel here last night.

The former foreign minister also added that Invest Sabah Berhad welcomes the opportunity to collaborate with all ministries at the state and federal level, including Wisma Putra, Malaysia’s Ministry of Foreign Affairs.

He added that such a partnership will enable Sabah to make use of the extensive network and resources to attract more foreign investment.

“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 northeastern coast of Borneo.

“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.

“This strategic location places Sabah in an ideal position to take advantage of trade and investment opportunities in the region.”

Anifah also added that Sabah boasts a stable political environment with a strong focus on economic development and attracting foreign investment.

Sabah is rich in natural resources, including timber, oil and gas, minerals and fertile soil for agriculture and is committed to promoting high-value 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 also said Sabah’s oil and gas sector is a key driver of the state’s economy, which has attracted major players in the industry, providing opportunities for investors to participate in this lucrative sector.

Present were Deputy Chief Minister Datuk Seri Dr. Joachim Gunsalam and Community Development and People’s Wellbeing minister Datuk James Ratib.

Source: NST