Labuan IBFC welcomes feasibility study on connecting bridge

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LABUAN: Labuan IBFC Inc Sdn Bhd, the marketing and promotional arm of the Labuan International Business and Financial Centre, has welcomed the announcement of the feasibility study to be conducted towards the development of a bridge linking Labuan Island to the Sabah mainland.

"Without a doubt the development of this bridge, will not only spur the socioeconomic development of Labuan, it will further develop Labuan International Business and Financial Centre, by creating better connectivity with the greater Asian region," it said in a press statement.
 
"As a midshore domicile, it is imperative that Labuan IBFC remains accessible to both its users and the industry that serves it. We expect that once completed this bridge will facilitate the further development of the jurisdiction, by enhancing both its physical and digital connectivity, as well as expanding the talent pool available for its further growth."