Kota Kinabalu: Sabah’s fantastic location, and unique attractions draw not only tourists but also investors to boost the state economy to benefit the people, according to a panel of speakers invited to the Property Hunter Conference for its Panel Discussion 2 at SICC on Friday, June 14 2024.
The event themed: “Investment Exploration: Uncover the Distinct Allure of Sabah ” was moderated by Dexter Yeh, Marketing Manager of Daily Express. Minister of Industrial Development and Entrepreneurship Datuk Phoong Jin Zhe, President of Sabah Housing and Real Estate Developers Association Datuk Sr Chua Soon Ping, CEO of Sabah Convention Bureau Noredah Othman and Chief Research Officer of Institute for Development Studies Sabah Dr Richard T. Koh.
“Sabah has a very unique strategic location, located in the middle of Southeast Asia. Because of the trade war going on between China and the US, there are more and more companies, especially from China and East Asia. They want to shift away.“They want to move their part of their supply chain and part of their manufacturing outside. They want to move to Southeast Asia. So now they are looking at different places in Southeast Asia.
“We have natural resources. Now the State government is deploying its strategies to stop exporting our natural resources or raw materials out of Sabah. “Now the government has decided to upgrade our Sapangar port which is facing a serious congestion problem. We need to mitigate that problem by upgrading the port.
“Because of the shift in geopolitical trend, more and more companies are looking at potential investment opportunities in Southeast Asia. That will bring in a lot of opportunities to Sabahan firms. Their third production line will be constructed very soon. So that will provide jobs for an extra 500 workforce. So altogether there will be about 3,000 workforce in KKIP.
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