Sabah remained investment destination in 2021 despite pandemic: Phoong

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Kota Kinabalu: Sabah's total investment in 2023 reached RM11.346 billion which included investments in the primary sectors, manufacturing and services.

Kota Kinabalu: Sabah's total investment in 2023 reached RM11.346 billion which included investments in the primary sectors, manufacturing and services.

State Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe said the total amount made Sabah the seventh-highest state in the country last year.Phoong also pointed out that in 2021, despite the impact of the Covid-19 pandemic, Sabah remained one of the investment destinations in the country

"In 2021, Sabah's total investment reached RM6.045 billion. In 2022, Sabah received a total investment of RM11.561 billion in various sectors," said Phoong answer at the State Legislative Assembly on Monday. SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya when it posted record high state revenue of RM6.973 billion last year. Read more Stay up-to-date by following Daily Express’s Telegram channel.

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Sabah seeking investment collaboration with Australia, says PhoongKota Kinabalu: The Sabah Government is seeking an investment collaboration with its Australian counterpart, said State Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe.
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