Shareda promoting Sabah-MM2H to lure Foreign Direct Investments

15 Nov 2023 • 1:12 PM MYT
Daily Express
Daily Express

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Kota Kinabalu: On Sabah Malaysia My Second Home (Sabah-MM2H) programme, Datuk Chua Soon Ping said Shareda had been actively promoting the program for the past two years as this is an initiative and a tool to attract Foreign Direct Investments (FDI) and stimulate the market.

He said the State Government had granted approval for the Sabah-MM2H programme, which adapts the general MM2H requirements to be state-specific, better tailored to the Sabah market.

“This programme not only serves as a catalyst for FDI into the Sabah market but also promises a ripple effect on various sectors, including business, tourism, startups, and foreign interest in Sabah,” he said.

On Bumiputra lots, Chua said Shareda is appealing to the State Government to ease the release mechanism of Bumiputera lots from five years to zero year.