Kota Kinabalu: Sabah Oil & Gas Development Corporation Sdn Bhd and Esteel Enterprise Sabah Sdn Bhd signed a land-lease agreement for a USD4.39 billion Green Steel Project at Sabah Oil & Gas Industrial Park in Sipitang – the single biggest investment received by Sabah thus far. Chief Minister Datuk Seri Hajiji Noor witnessed the signing ceremony, Wednesday, at the Mini Auditorium, Level 3, Sabah State Legislative Assembly here.
Established in August 2010, SOGDC is a government agency under the Industrial Development Ministry that acts as a purpose vehicle company to own, develop, manage and market Sogip, an area of approximately 1,600ha/4,065 acres in Mengalong, Sipitang. Abdul Rahman said the Chief Minister as well as State ministries and agencies concerned have given their respective commitments to ensure all the requirements of this company can be successfully fulfilled.
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