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Headlines:
Sabah sees 63pc industrial investment surge in 2024, optimistic for Q1 2025 growth
Published on: Monday, April 14, 2025
Published on: Mon, Apr 14, 2025
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Sabah recorded RM2.47 billion in approved manufacturing investments in 2024, a 63pc jump from RM1.51 billion in 2023.
The surge includes RM962.3 million in foreign direct investment (FDI), driven largely by Kibing Group’s RM950.6 million expansion at Kota Kinabalu Industrial Park.
Minister Datuk Phoong Jin Zhe expressed confidence in Sabah’s Q1 2025 performance, citing strong investor interest.
He outlined seven strategic initiatives to strengthen the investment climate, including infrastructure upgrades, streamlined approvals, enhanced promotion, overseas outreach, federal collaboration, investment missions, and the development of three new industrial parks.
He said FDI’s share of total investment rose sharply from 1.1pc in 2023 to 39pc in 2024, signaling rising global confidence. Phoong also announced plans for a One-Stop Investor Service Centre and further industrial park launches in 2025.
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