Sabah determined to push investment momentum from China – CM
08 Sep 2024
Sabah is determined to push the investment momentum from China and to ensure the state will remain an attractive destination for investments, said Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor.
He said Sabah’s economic ties with China are driven by strong trade, investment and collaborative projects across sectors.
“For the manufacturing sector, our state has received RM3.07 billion in investments from China to date, which have created 3,086 jobs. These investments involved solar glass manufacturing, silica and processing, food manufacturing, rubber, wood-based and plastic products.
“I have stressed from the onset that we are investor-friendly, and we will ease all hurdles to facilitate investments. In this respect, Sabah also looks forward to increased cooperation with China in green energy, manufacturing, high-technology agriculture, and smart city construction, among other areas, to promote mutual benefits and win-win partnerships,” he said.
“The cooperation between Malaysia and China has advanced significantly, with both countries continuously working together to promote mutual interests, and I am confident that this partnership will continue to flourish,” he said at the opening of the Seventh Global Longchuan Association Conference, the first to be hosted outside of China at the Sabah International Convention Centre, here on Sunday.
Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe delivered his speech.
The Chief Minister said the energy sector presents significant opportunities, and while oil and gas remain important revenue streams for Sabah, “we welcome investors to also explore the Blue Economy, solar and storage technologies, hydro, geothermal and carbon market opportunities.”
“I am pleased to know that we have participants of various backgrounds, including entrepreneurs, with us here today. We encourage you to learn more about Sabah and its investment potential and welcome all of you to invest here,” he said.
The Chief Minister said in addition to strong bilateral relations, the other aspect worth mentioning was the strong family ties the Longchuan clan has in common with Sabah.
“There is a very large Longchuan community here in Sabah with over 100,000 people of Longchuan origin.
Many of you have relatives here too, and I am sure that will make your visit to Sabah so much more meaningful.
“Thank you to Dr Wu Huiquan, the Global Longchuan chairman and his board members for choosing to host this conference in Sabah. Thank you too to Mr Chong Su Leong, president of the Malaysia Longchuan Association and your Central Committee members for inviting me to address this conference,” he said.
Source: Borneo Post
