Sabah's palm oil industry attracts interest from Chinese enterprises

LocalBusiness & Finance
19 Aug 2024 • 10:22 PM MYT
Daily Express
Daily Express

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By: Sabah Publishing House Sdn Bhd

The immense potential of Sabah's palm oil downstream industry has recently attracted three Chinese enterprises for an on-site visit in Sabah, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.

"These Chinese companies are looking into the potential avenues for investment and collaboration in setting up operations in Sabah," he said in a statement, Monday.

Chan noted that over the past two days, representatives from Grand Oil and Food, Welle Environmental Group, and Freepoints Commodities have been in Sabah to gain a deeper understanding of the palm oil downstream sector's current state and future prospects.

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