KKIP attracts RM2b investments
Published on: Monday, June 17, 2013
Kota Kinabalu: The Kota Kinabalu Industrial Park (KKIP) has to date attracted more than RM2 billion in investment value in various industry clusters, mainly from small and medium industries (SMIs).In disclosing this, Chief Minister Datuk Seri Musa Aman said this value is anticipated to increase by year-end and would further boost the State's economy."Being the leading industrial park in Sabah, KKIP has a distinct role in contributing towards achieving the State's target in economic growth.
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"Despite uncertainties in the global economy, we are determined to ensure that Sabah's economy grows at the projected rate of between five and six per cent for 2013," he said in his remarks at KKIP's annual dinner here on Saturday night.His speech was delivered by State Community Development and Consumer Affairs Minister, Datuk Jainab Ahmad Ayid.Musa, who is also State Finance Minister, said KKIP had succeeded in developing a capable team of professionals, who had also contributed greatly in bringing industrialisation to places such as Sipitang and Lahad Datu.
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"I understand in KKIP itself, over 6,000 jobs have been created, mainly from the manufacturing sector and annually, some 10,000 trainees undergo professional skills training at various local institutions. Some of them are affiliated to KKIP," he added.Those who attended the training, said Musa, are helping to fill the gaps in the Government's efforts to steer industrialisation goals forward.
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"The performance of KKIP is measured not just in terms of the amount of dividends it pays to the Government but also its role in building human capital," he said. He added that the Government is hoping for higher contribution in the manufacturing sector from KKIP to the State's GDP.But despite the positive outlook, said Musa, KKIP must take stock of areas where improvements should be made and seriously address its weaknesses."The State Government is mindful of key challenges in the next phase of KKIP's progress. Rest assured, we are fully committed to the development of KKIP through the provision of basic supporting manufacturing infrastructure as allocated by the Federal Government," he said.Stay up-to-date by following Daily Express’s Telegram channel.
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