SIPITANG: The Sipitang Oil and Gas Industrial Park (Sogip), which has secured investments totalling about RM29.87bil, is expected to begin operations in 2026 and 2027, says Sabah chief minister Datuk Seri Hajiji Noor.
He said the investments include those from Esteel for a green steel plant with a phased investment value of RM20bil, and from Petroliam Nasional Bhd for the development of a floating liquefied natural gas (LNG) facility with an investment value of RM8.8bil. Other investments include RM1bil from E-Concern Sdn Bhd for waste management, and RM70mil from Tex Evolosi Waste Management Sdn Bhd.
“All the companies I mentioned will start operations in 2026 and 2027. These investments will create job opportunities starting from the construction phase and during operations.
“Certainly, the residents of Sipitang and the surrounding areas will benefit in various economic sectors,” he said in his speech at the official launch of the Arts, Culture, Tourism, and Traditional Food Carnival in conjunction with the Sabah Kadayan Annual Food Festival 2024 in Sipitang yesterday.
The text of his speech was read by State Science, Technology, and Innovation Minister Datuk Arifin Mohd Arif. Hajiji said both foreign and domestic investors remain confident in the state administration, which has a clear direction, and their confidence is evident through investments totalling RM1.7bil this year. — Bernama
