Kota Kinabalu: About RM13.2 million total accumulated investments are expected from several Memorandums of Understanding (MoUs) signed between Jiangxi business companies and organisation / association with two associations and two companies from Sabah in various sectors, said Jiangxin delegation head, You Ying (pic).
A total of four MoUs were signed at the State Ministry of Industrial Development and Entrepreneurship (Mide) office, Wisma Kewangan here, recently, while another two would be signed soon.
A MoU involving associations are between Jiangxi Enterprise Investment and Economic Cooperation (JXAIEC) and Sabah Young Business and Industry Leaders Organisation (Sybil), regarding their appointments to handle investment matters in their respective areas.
Another MoU involving associations between the Jiangxi Province Association and the Sabah Timber Industries Association entails a collaboration between the two associations to share knowledge about timber development and trading opportunities such as through joint ventures (JVs) in the industry.