RM33.4 billion investments approved: CM

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Hajiji Haji Noor, who is also Chairman of Sedia, said of the RM11.5 billion, RM9.2 billion was Foreign Direct Investments (FDI) and another RM2.3 billion was domestic investments.

“However, this does not include the Integrated Green Steel project worth RM19.6 billion at the Sipitang Oil and Gas Industrial Park signed in November 2022.“With this Green Steel project and other investments in the process of implementation, Sabah will be receiving a total of RM33.4 billion,” he said when chairing the Sabah Economic Development and Investment Authority meeting at the Shangri-La’s Rasa Ria Resort, here, Monday. Hajiji, who is also Chairman of Sedia, said of the RM11.

Now that Sedia is directly under the purview of the Economy Ministry, the Chief Minister wants all applications and implementation of projects under the Sabah Development Corridor to be better coordinated with set timelines and all procedures to be complied with.

 

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