Sabah ranks No 3 in investments with RM13.7b

Wednesday, April 4, 2012

Datuk Raymond Tan

SABAH remained an attractive investment destination after being named by the Ministry of International Trade and Industry as the third highest in terms of investments among the states, amounting to RM13.7 billion last year.

State Industrial Development Minister Datuk Raymond Tan said despite some shortcomings the potential that Sabah has continued to be an attraction for domestic and international investors.

In his winding up speech, Tan attributed the achievement to the prosperity, peace, unity, stability and smart leadership of Sabah, especially the Chief Minister.

"My Ministry will continue to double efforts to promote trade and investment for Sabah.

We will continue to be involved in trade expositions or organising it at the state or international level.

Apart from promoting local products we are also promoting investment in Sabah," he said.

He hoped Sabah would be able to capture the hearts of investors and that the economic recovery in developed countries would be sustained.

The United Nations Conference on Trade and Development (UNCTAD) had projected Foreign Direct Investment (FDI) to increase from USD1.6 trillion in 2011 to USD1.7 trillion this year and estimated to reach USD1.9 trillion in 2013, he said. 

Read More: http://www.dailyexpress.com.my/news.cfm?NewsID=81105 

1 comments:

  1. Pertumbuhan ekonomi Sabah kesan daripada kestabilan politik dan kemakmuran sosial memberi keyakinan kepada lebih ramai pelabur dan pelancong asing melancong dan melabur di negeri itu.

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