Kota Kinabalu: Former Chief Minister Datuk Yong Teck Lee (pic) has been appointed as the Chairman of State-owned POIC Sabah Sdn Bhd, the developer of POIC Lahad Datu.
Yong, 62, takes over his new role from his predecessor, Senator Datuk Donald Mojuntin, in a handing-over ceremony held on Wednesday.
POIC Lahad Datu, set up in 2005, encompasses about 4,400 acres and represents the State Government’s determination to promote economic diversification through palm oil downstream activities and other downstream activities.
With a comprehensive port infrastructure consisting of a dedicated terminal for dry bulk, liquid, barges and containerised cargo, the company is seeking to leverage its location along the Lombok-Makassar shipping route and centrality within Bimp-Eaga (Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area) to become a logistics hub for the Asean growth polygon.
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