Kuala Lumpur: Sabah recorded investments worth RM11.5 billion in various sectors in 2022. Minister of International Trade and Industry, Tengku Datuk Seri Zafrul Tengku Abdul Aziz, said the investments involved 89 projects which could generate 4,566 jobs.
“Of the total amount, RM9.2 billion was foreign direct investment (FDI) and RM2.3 billion was domestic direct investment. The manufacturing sector was the biggest contributor with RM8.4 billion, or 72.9 per cent, while the primary sector contributed RM1.6 billion and the services sector RM1.5 billion,” he said.
Tengku Zafrul said high profile projects worth over RM100 million were mainly in petroleum products, non-metal mineral products and transport machinery. The Minister said his Ministry, through the Malaysian Investment Development Authority (Mida), is committed to attracting FDI into Sabah, especially in targeted industries.
“Mida always cooperates strategically with all investment agencies at the State and economic corridor levels in attracting investment. In this matter, Mida has always cooperated with Sabah’s Ministry of Industrial Development and Entrepreneurship (MIDE Sabah) and the Sabah Economic Development and Investment Authority (Sedia) in the investment and trade missions to promote the investment opportunities available in Sabah,” he added.
Among the targeted industries in the State are green technology-based manufacturing, renewable energy, logistics, and eco-tourism.
* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
