Sabah already has quality China investments, says POIC Group chairman

KOTA KINABALU, April 2 — The Sabah business community should not be unduly worried that none of the 19 MoUs (Memoranda of Understanding) signed in Beijing in conjunction with...

KOTA KINABALU, April 2 — The Sabah business community should not be unduly worried that none of the 19 MoUs signed in Beijing in conjunction with the visit of the Prime Minister to China involved any Sabah company or investments in the state.

The China investments in Sabah, such as the Kibin Solar New Materials for solar glass manufacturing is a quality investment that provides quality jobs and multiplier effects to the Sabah domestic economy. This was especially so after the launch of the POIC ports by Sabah Chief Minister Datuk Seri Haji Hajiji Noor, last year, Yong said in a statement on Sunday.

As reported in the media, over the last two years of Sabah Maju Jaya plan, foreign investments at Kota Kinabalu Industrial Park and Sipitang Oil and Gas Industrial Park and in the agro-fisheries industry have also been coming on stream.

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