Sabah committed to boosting investments from China: CM
Published on: Sunday, September 08, 2024
For illustrative purposes only.
KOTA KINABALU: Sabah is determined to push the investment momentum from China and to ensure the state will remain an attractive destination for investments, said Chief Minister Datuk Seri Hajiji Noor.
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He said Sabah's economic ties with China are driven by strong trade, investment, and collaborative projects across sectors.
"For the manufacturing sector, our state has received RM3.07 billion in investments from China to date, creating 3,086 jobs.
“These investments involved solar glass manufacturing, silica and processing, food manufacturing, rubber, wood-based, and plastic products.
"I have stressed from the onset that we are investor-friendly, and we will ease all hurdles to facilitate investments.
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"In this respect, Sabah also looks forward to increased cooperation with China in green energy, manufacturing, high-technology agriculture, and smart city construction, among other areas, to promote mutual benefits and win-win partnerships," he said.
"The cooperation between Malaysia and China has advanced significantly, with both countries continuously working together to promote mutual interests, and I am confident that this partnership will continue to flourish," he said at the opening of the Seventh Global Longchuan Association Conference, the first to be hosted outside of China at the Sabah International Convention Centre (SICC), here today.
Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe delivered his speech.
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