Sabah to get RM13bil investment at industry cluster in Lahad Datu

Sabah Chief Minister Datuk Seri Mohd Shafie Apdal (centre) witnessing the signing ceremony. On the left is POIC Sabah Sdn Bhd CEO Datuk Dr Pang Teck Wai, on the right is chairman Burel Industries Sdn Bhd Per Brandtzag.

KOTA KINABALU: Sabah is set to receive a RM13bil investment, its single biggest so far, at the Palm Oil Industry Cluster (POIC) in Lahad Datu.

The plan is to set up a petrochemical plant at POIC Lahad Datu to process naptha, a petroleum by-product, into a variety of petrochemical products for the world market.