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Kota Kinabalu: Future investors coming to Sabah are promised priority attention with the signing of a strategic collaboration agreement between state-owned POIC Sabah Sdn Bhd and China Construction Bank Corporation Labuan (CCBL) in Kuala Lumpur on April 8.

"POIC is on the shoulders of a giant,” said POIC Sabah Chairman Datuk Yong Teck Lee, referring to CCB’s global presence, history since 1954 and status as the largest commercial bank in the world, according to a statement.

China Construction Bank Corporation (CCB), headquartered in Beijing, is a leading large-scale commercial bank in China and is listed on the Hong Kong and Shanghai Stock Exchanges.

Its branch in Labuan was established in 2019 and is financing several major projects in Malaysia.

The agreement signed at Menara CCB in the national capital is seen to have an impact on Sabah investments, which is the main agenda in the Sabah Maju Jaya Development Plan 2021-2025.