KOTA KINABALU: The state will launch the Sabah Malaysia My Second Home (SMM2H) programme soon to make it more attractive to foreigners, says Chief Minister Datuk Seri Hajiji Noor.
He said the State Cabinet has approved the SMM2H programme to be launched once final details are adjusted and firmed up.
"Sabah’s program will not follow the new requirements meted out by the federal’s MM2H.
"With our own SMM2H, we aim to make Sabah more attractive to foreigners wishing to move to and live in Sabah.
"We hope to see high-value foreigners and talents moving to Sabah, and creating economic spin-offs," he said at the Sabah Housing and Real Estate Developers Association (Shareda) Night 2022 dinner here on Sunday (Sept 18).
Also present at the dinner were Shareda president Datuk Chua Soon Ping.
Hajiji added that Sabah has remained consistent in terms of attracting foreign investments.
"This is due to the many opportunities Sabah has leveraged on multiple sectors across the state.
"The Malaysian Investment Development Authority has listed Sabah as having secured RM9.9bil worth of foreign investments from January to September 2022, effectively ranking Sabah as the third highest in the country.
"Sabah will push this momentum and we are confident Sabah is and will continue to be an attractive destination for investment. We strive to be investor-friendly," he said.
