Sabah lures investors with strategic fund

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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.

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.

 

 

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