Sabah lures investors with strategic fund

Malaysia’s Prime Minister Datuk Seri Najib Razak launched the strategic investment fund for Sabah in July

The Malaysian state of Sabah urges local investors to tap the 1 billion ringgit ($328 million) Domestic Investment Strategic Fund to invest into value-adding industries.

The fund has been announced in July 2012 by Malaysia’s Prime Minister Datuk Seri Najib Razak, and money would be given to Sabah companies and investors on a first come, first served basis.

The government had identified furniture, tourism, oleo-chemicals and renewable energy as high-growth sectors for which it now seeks “quality investors”, the New Straits Times reported.

“We encourage investments in new growth areas in emerging technologies, capital intensive, high value-added and high technology, knowledge-based and skills intensive industries,” said Datuk Azman Mahmud, Malaysian Investment Development Authority deputy chief executive officer.

“Investors, particularly here in Sabah, are, therefore, encouraged to explore investment opportunities in these areas, either on their own or in the form of joint ventures with foreign investors,” he said.
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[caption id="attachment_5722" align="alignleft" width="224"] Malaysia's Prime Minister Datuk Seri Najib Razak launched the strategic investment fund for Sabah in July[/caption] The Malaysian state of Sabah urges local investors to tap the 1 billion ringgit ($328 million) Domestic Investment Strategic Fund to invest into value-adding industries. The fund has been announced in July 2012 by Malaysia's Prime Minister Datuk Seri Najib Razak, and money would be given to Sabah companies and investors on a first come, first served basis. The government had identified furniture, tourism, oleo-chemicals and renewable energy as high-growth sectors for which it now seeks "quality investors", the New...

Malaysia’s Prime Minister Datuk Seri Najib Razak launched the strategic investment fund for Sabah in July

The Malaysian state of Sabah urges local investors to tap the 1 billion ringgit ($328 million) Domestic Investment Strategic Fund to invest into value-adding industries.

The fund has been announced in July 2012 by Malaysia’s Prime Minister Datuk Seri Najib Razak, and money would be given to Sabah companies and investors on a first come, first served basis.

The government had identified furniture, tourism, oleo-chemicals and renewable energy as high-growth sectors for which it now seeks “quality investors”, the New Straits Times reported.

“We encourage investments in new growth areas in emerging technologies, capital intensive, high value-added and high technology, knowledge-based and skills intensive industries,” said Datuk Azman Mahmud, Malaysian Investment Development Authority deputy chief executive officer.

“Investors, particularly here in Sabah, are, therefore, encouraged to explore investment opportunities in these areas, either on their own or in the form of joint ventures with foreign investors,” he said.
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