Projects to revive Sabah’s economy on the cards

KOTA KINABALU: An estimated RM25bil worth of investment projects, including solar panel manufacturing, silicon and e-waste treatment facility, is on the cards to revive Sabah’s economy following the Covid-19 pandemic

Other planned investments involved the construction of the Tanjung Lipat Smart City, herbal medicine planting in Kundasang, property development in the city, and marine services, said Sabah Chief Minister Datuk Seri Hajiji Noor.

“If these projects become a reality, we are expected to get some RM25bil worth of direct investment,” he said in a reply to Usukan assemblyman Datuk Seri Salleh Said Keruak at the state assembly meeting yesterday.

The topic was on the government’s economic revival plan for Sabah.

He said the state government was now redesigning the multi-billion Tanjung Aru Eco Development project, which would balance the need for development and public interest in its implementation.

While there would be top quality resorts, commercial units and high end residential units planned, he said public areas like the Prince Philip Park, and opportunities for small time traders to continue their business here, would also be taken into account.

To add on to these, there are existing projects under the 12th Malaysia Plan and Sabah Maju Jaya initiative which included the building of a border town at Serudong-Simanggaris where people of Sabah and Kalimantan, Indonesia would benefit economically and socially.

More bilateral deals are expected with Singapore as well, with the state’s decision to open a communication, trade and tourism office in Singapore.

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