Sabah ready to forge ties with investors from neighbouring countries

KOTA KINABALU, The Sabah state government is ready to forge ties with foreign investors, particularly those from neighbouring countries, to jointly develop relevant industries, said chief minister Datuk Seri Mohd Shafie Apdal today.

He noted that such collaboration had the potential to mutually benefit Malaysia and the relevant neighbouring country, adding that in line with this, he had received a courtesy call from a delegation from the Malaysia Singapore Business Council (MSBC) which he viewed as a group which would play an important role in facilitating investments in Sabah.

Speaking to reporters after receiving the 30-member delegation at the Sabah State Administrative Centre here, Mohd Shafie said the visit was aimed at considering and viewing investments in the state in various sectors including oil and gas, tourism and agriculture.

He added that potential investments facilitated through the council would involve entrepreneurs with wide experience and who not only operated in Singapore but had worldwide investments including Latin America, Dubai and the Middle East.

MSBC (Malaysia) chairman Datuk Seri Dr Nik Norzrul Thani and MSBC (Singapore) chairman Robert Yap, as well as Sabah Economic Development and Investment Authority (SEDIA) chief executive officer Datuk Dr Mohd Yaakub Johari, were present during the visit.

Source: BERNAMA (News Agency)