Sabah govt enters joint venture in downstream coconut business

  • 📰 staronline
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

KOTA KINABALU: The Sabah government is set to hold a 30% stake in the RM400mil high-yield coconut plantation and coconut-based manufacturing facility project developed by Linaco Resources Sdn Bhd in Sabah's north-eastern Beluran district.

Chief Minister Datuk Seri Hajiji Noor said that the state government provided 2,000ha of land for the high-impact project and they expected the project to return up to RM1.2bil annually to Sabah’s economy.

Hajiji said the project was taking off following a memorandum of understanding inked between the state government and Linaco Resources to develop Sabah's coconut-based industry in March last year. "This RM400mil project will definitely create a big impact. With an expected RM1.5bil annual income, surely the economic spillovers will transform Paitan and create employment opportunities to Paitan and nearby communities," he said.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 4. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama