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| Datuk Haji Mohd Arifin Mohd Arif |
What are the priorities for the continued growth of the economy and development of the state?
ARIFIN: The most urgent priority for the continued growth of the state is to take advantage of Sabah’s strategic location. Sabah is located close to key Asian markets, and it is in a central position within a fast-developing sub-region consisting of the southern Philippines, Brunei and the Indonesian state of Kalimantan, as well as being in close proximity to more developed and bigger markets such as Korea, China and Japan.
Sabah has additional competitive advantages in its range of biodiversity to create sustainable economic activities in the areas of tourism, manufacturing and trading services by developing the necessary infrastructure and a trained workforce. Based on these conditions Sabah will implement policies consistent with its commercial, socio-economic and political environment to continue to provide support to these sectors to achieve maximum economic development. Sabah is blessed with an abundance of natural resources from oil palm and rubber plantations to oil and gas deposits. We can also count upon a range of unique and fascinating tourism attractions, a capable workforce and, just as importantly, a government that is focused on the economic development of the state.
It is important to encourage the private sector to become the economic driver of the state. Incentives are being offered to boost private sector investment. The granting of pioneer status is one example, whereby a project can enjoy a beneficial degree of tax exemption, depending on the type of product or service. Tax investment allowance caters for projects that have large capital investment and long gestation period.
that's why Sabah state minister currently actively promoting Sabah in order to attract more investors among Asian countries..
ReplyDeleteSabah, the land below the wind was placed strategically in the center of development. We should take advantage of our position.
ReplyDeletesabah-go-green.blogspot.com
The government has given loans to many local small and medium industries as a form of encouragement for their operation.
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Oil palm smallholders numbering 11,018 throughout Sabah can heave a sigh of relief following the State Government's decision to provide allocation of RM50 million to alleviate their predicament.
ReplyDeleteselection of the district as pioneer in the distribution of subsidized goods project has placed it on a faster track of economic growth.
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