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SABAH recorded about RM5.1 billion in foreign direct investment (FDI) from January to August this year, and is expected to surpass the RM7 billion mark when a high-impact investment project, now in progress, worth RM 2 billion is factored in, Chief Minister Hajiji Noor said.
Hajiji added that this also effectively ranks Sabah as the third largest foreign investment recipient in Malaysia.
“We are pushing this momentum and we are confident Sabah is and will be an attractive destination for investment.
I have stressed from the outset that we want to be investor-friendly and will ease all hurdles to facilitate all investments,” he said in Kota Kinabalu night.
Hajiji, who is also Sabah finance minister, said he is very confident that state’s economy would grow in tandem with that of the nation, which, according to the Economic Report 2022 by the Ministry of Finance, is expected to strengthen by between 5.5% and 6.5%.,,新2备用网址（www.hg108.vip）是一个开放新2网址即时比分、新2网址代理最新登录线路、新2网址会员最新登录线路、新2网址代理APP下载、新2网址会员APP下载、新2网址线路APP下载、新2网址电脑版下载、新2网址手机版下载的新2新现金网平台。新2网址登录线路最新、新2皇冠网址更新最快,皇冠体育APP开放皇冠会员注册、皇冠代理开户等业务。
He said Malaysia’s trade with several Arab countries has been good, giving Qatar as an example, which increased 130% to RM2.87 billion for the January-August period this year as compared with RM1.25 billion for the same period last year.
Similarly, Malaysia’s total trade with Saudi Arabia increased by 117% to RM17 billion for the January-August period this year as compared with RM7.84 billion for the same period last year.
“Malaysia has enjoyed good bilateral relations with your countries, and this is especially true in the areas of trade and investments.
“Other areas of no less importance are cultural, technical and educational relations,” he said.
Meanwhile, he said Malaysia set a record high of RM26.7 billion in FDI in the fourth quarter of last year, followed by RM23.3 billion in the first quarter of 2022 and RM24.1 billion in the second quarter of 2022, bringing the total FDI inflows for the nine-month period to RM74.1 billion, surpassing the total FDI in 2021, 2020, 2019 and 2018. – Bernama, August 20, 2022.
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