SANDAKAN: The state government is fully aware of the need to optimize resources through value-added downstream operations.
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| Musa visiting one of the booths at Palmex 2012 |
Chief Minister Datuk Seri Panglima Musa Haji Aman said the setting up of the palm oil industrial clusters (POICs) in Lahad Datu and Sandakan was testimony of the government’s commitment in encouraging the establishment of businesses that added value to raw products like Crude Palm Oil (CPO).
“Much wealth can be generated by adding value to raw products, and now we are seeing growing interest among investors to set up base at the two palm oil industrial clusters.
“The Lahad Datu palm oil industrial cluster alone has attracted 40 investors, making it an industrial park with the largest concentration of investors in palm oil, with a combined investment value of about RM5 billion.
“The federal government has also recently announced an allocation of RM490 million for the development of a container port in the Lahad Datu palm oil industrial cluster that will allow for reliable and better shipping of palm oil products and will help further boost economic growth in Lahad Datu,” he said at the opening ceremony of Palmex 2012 Technology Exhibition in Sandakan at Sandakan Community Hall, yesterday.
dengan kemampuan POIC menarik pelabur ke Lahad Datu, bermakna tidak lama lagi bandar Lahad Datu akan membangun seperti bandar2 besar yang lain di Sabah..
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