Sabah have experienced a wonderful investment year last year when it contributed RM11.6 billion, or nearly 10 per cent of the total national investment of RM162.4 billion. The amount of investment comes second only to Selangor, which is number one in Malaysia in terms of investment as of 2012.
Sabah Deputy Chief Minister Datuk Raymond Tan Shu Kiah, who is also State Industrial Development Minister said that Sabah can do better this time around.
Tan, who helmed the ministry before the 13th General Election, was also pleased with investments achieved in the Sabah Development Corridor (SDC) since it was launched five years ago, saying it captured the biggest investment among the five development corridors in the country with about RM5 billion.
Tan also attributed the state’s ability to attract investments to good governance and fund management.
“We have a very high budget in terms of revenue and expenditure. It ranges, I think, from a RM3.5 billion to RM4 billion.
“So when you have the ability to manage that high budget, that is also a very clear indication of good management and good governance and this leads to investors’ confidence towards the state administration,” he said.
Sabah which also aims to be BIMP-EAGA investment gateway can also leverage on its investment amount to reach the desired target.
With the Industrial Development Ministry’s special attention and assistance, Sabah would be able to attract more investments into the manufacturing sector and subsequently bring industrial development to a higher level
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