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Hoping for lower Kota Kinabalu Industrial Park rentals
Published on: Monday, November 28, 2022
By: Mohd Izham Hashim
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Hoping for lower Kota Kinabalu Industrial Park rentals
Reducing the quit rent would boost and promote KKIP as an ideal destination for investors to set up their factories in KKIP.  - Aeriel view of KKIP.
Kota Kinabalu: The Federation of Industries Sabah (FSI) has been working closely with the state government to reduce the quit rent in Kota Kinabalu Industrial Park (KKIP) to boost the competitiveness of Sabah’s industrial parks. 

“We hope to hear good news from the government soon on reducing the quit rent of KKIP which will reduce the cost of doing business in KKIP,” said FSI Vice President, Ng Vui Chuan who echoed the view of FSI president, Richard Lim that the Federation had been cooperating closely with the Ministry of Industrial Development (MID) on the matter since 2018.

According to Ng, reducing the quit rent would boost and promote KKIP as an ideal destination for investors to set up their factories in KKIP. 

“We need to increase our competitiveness by reducing the cost of doing business, increase promotion of Sabah-made products, and also incvreasing the competitiveness of our industrial parks,”he said in a statement. 

Last month, he noted the Federation is fully supportive of the ministry’s proactive initiative to organise a visit to Kalimantan to explore business opportunities in Tarakan and Balikpapan. 

“The Federation will definitely be prepared for wider opportunities when the logistic routes are open between Sabah with Tarakan and Balikpapan especially with regards to the relocation of Indonesia’s capital to East Kalimantan,” said Ng. 

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