Sabah’s investor-friendly policy attracting more investors
28 Oct 2024
The Sabah government’s investor-friendly policy has shown promising results, with the state now attracting a growing number of local and foreign investors across various sectors.
Sabah Chief Minister Datuk Seri Hajiji Noor said that this response indicates the state is on the right path for growth through strategic initiatives under the ‘Sabah Maju Jaya’ roadmap.
“For example, today, we see the well-known company McDonald’s Malaysia returning to Sabah to inaugurate its latest restaurant while also announcing future business plans in the state.
“This development not only stimulates local economic activity but also creates more job opportunities for Sabah residents,” he said in his opening remarks at the inauguration of McDonald’s drive-thru Tuaran Town restaurant today.
His speech was delivered by Pantai Dalit State Assembly Member Datuk Jasnih Daya, also executive chairman of Innoprise Corporation Sdn Bhd, representing the Chief Minister at the restaurant opening.
Also attending was McDonald’s Malaysia managing director and local operating partner, Datuk Azmir Jaafar.
Sabah recorded RM11.34 billion in investments last year, making it the seventh-ranked state for investment nationwide.
Hajiji added that the Sabah government encourages joint ventures between franchise businesses and state-affiliated companies to explore mutually beneficial opportunities.
With the opening of Tuaran’s new drive-thru outlet, there are now 22 McDonald’s Malaysia restaurants operating in Sabah, employing approximately 800 people.
This aligns with the company’s commitment to expanding to 36 restaurants across the Land Below the Wind by 2030.
Source: Bernama
