RM30 billion potential investments on cards

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Kota Kinabalu: The Sabah Industrial Investment Coordination Committee is actively coordinating 11 investment proposals with a total potential investment amounting to RM30 billion.

State Industrial Development and Entrepreneurship Datuk Phoong Jin Zhe revealed that aside from foreign investments, the State Government is committed to continuing to empower the committee to help coordinate various domestic investment projects.He said attracting and successfully realising investments are the results of the joint efforts of the Sabah Industrial Investment Coordination Committee to achieve the goal of making Sabah an industrial and investor-friendly state.

SPONSORED CONTENT Shell awards Sabah LiveWIRE winners Kota Kinabalu: Shell has awarded five enterprises as the state winners of Shell LiveWIRE Malaysia 2024, following the Sabah state finals held at Plaza Shell in Kota Kinabalu. . Read more He said through ISB investors need only consult the agency without having to visit every government agency for investment matters.

Phoong said the State Government successfully secured investments from SK Nexilis Malaysia Sdn Bhd and China’s Kibing Group during a very encouraging period, reflecting the state government’s commitment to ensuring the investment process is simple, fast and transparent. “The committee comprises members from state government agencies, the federal government, and local authorities, serving as a platform to coordinate and promote domestic and foreign investment affairs in Sabah,” said Phoong.

 

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