Home English Sabah Approves Foreign Investments Of Over RM400 Mln In H1 2017

Sabah Approves Foreign Investments Of Over RM400 Mln In H1 2017

Sabah approved foreign investments of more than RM400 million in the hotel, tourism and manufacturing sectors in the first half of 2017.

Malaysian Investment Development Authority, MIDA, Executive Director of Strategic Planning, Zabidi Mahbar said having a comprehensive ecosystem helped attract investors to Sabah.

The government, he said, will continue its efforts at supporting foreign investors in conducting their business in the country.

Meanwhile, the completion of the 2,083 kilometres Pan Borneo Highway would also accelerate socio-economic growth in Sabah and Sarawak.

The highway, he said, will be the transportation backbone of Sabah and Sarawak while opening up the economic corridor which can attract even more investors to the two states, especially in the oil and gas, manufacturing, tourism and agriculture sectors.