Sabah hopes to lure foreign investors

Sabah hopes to lure foreign investorsThe 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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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...

Sabah hopes to lure foreign investorsThe 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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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