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RM11.346bil investments in Sabah last year: Juhar
Published on: Thursday, April 18, 2024
By: Sherell Jeffrey
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RM11.346bil investments in Sabah last year: Juhar
The Head of State says tourism recovered, with 2.61 million arrivals in 2023. (File pic)
Kota Kinabalu: Sabah's economy remains driven by the industrial sector and investment with 2023 seeing RM11.346 billion in total investments, ranked 7th in Malaysia, according to Head of State Tun Juhar Mahiruddin. 

The State Government plans to strengthen the Manufacturing Investment Task Force and develop new industrial parks to boost investor confidence in areas like green tech and food processing, he said in his policy speech at the opening of the fifth session of the 16th State Legislative Assembly, here, on Thursday

He said tourism also recovered, with 2.61 million arrivals in 2023. Priorities included expanding air routes, aggressive promotion and improving rural tourism infrastructure. 

The government is also focused on human capital development, including STEM education and strengthening libraries, to enhance productivity and attract more investment.

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