Sabah hopes to lure foreign investors

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The Malaysian state of Sabah hopes to attract more foreign investors in an effort to meet its 2025 projected vision of development.  Because of stiff competition in the global arena, domestic investments won’t be enough to propel Sabah towards its goals, according to the Oxford Business Group’s report.  The Sabah Economic Development Implementation Agency was created to draw more direct foreign investments. RM57.016 billion have been registered so far.

Sabah will focus on tourism, agriculture, manufacturing and logistics as its pillars of growth, with state managed agencies forming to regulate and promote the industries.  They also hope to spur private sector industry in those areas, along with real estate, green technology, and petrochemicals.  Malaysia’s Economic Transition Program hopes to bring developed-nation status to the country by 2020.

 

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Reading Time: 1 minute

The Malaysian state of Sabah hopes to attract more foreign investors in an effort to meet its 2025 projected vision of development.  Because of stiff competition in the global arena, domestic investments won’t be enough to propel Sabah towards its goals, according to the Oxford Business Group’s report.  The Sabah Economic Development Implementation Agency was created to draw more direct foreign investments. RM57.016 billion have been registered so far.

Reading Time: 1 minute

The Malaysian state of Sabah hopes to attract more foreign investors in an effort to meet its 2025 projected vision of development.  Because of stiff competition in the global arena, domestic investments won’t be enough to propel Sabah towards its goals, according to the Oxford Business Group’s report.  The Sabah Economic Development Implementation Agency was created to draw more direct foreign investments. RM57.016 billion have been registered so far.

Sabah will focus on tourism, agriculture, manufacturing and logistics as its pillars of growth, with state managed agencies forming to regulate and promote the industries.  They also hope to spur private sector industry in those areas, along with real estate, green technology, and petrochemicals.  Malaysia’s Economic Transition Program hopes to bring developed-nation status to the country by 2020.

 

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