Published: Monday July 16, 2012 MYT 3:09:00 PM
Sabah attracted RM10.2b investments in Q1
KOTA KINABALU: Sabah has attracted RM10.2bil in investments in the first quarter of 2012, said Industrial Development Minister, Datuk Raymond Tan Shu Kiah.
He said on Monday that of the amount, RM5.3bil came from services sector, RM4.8bil from manufacturing and RM170mil from other sectors.
Tan said of the investment in the services sector, RM370mil involved domestic investments in the housing and hotel sectors. "The balance of RM4.9bil came from US investors involved in the activities to set up fishing hubs," he said this in reply to a question by Melanie Chia Chui (BN-Luyang) at the Sabah State Legislative Assembly here.
Chia wanted to know the types of investments and the companies involved and to seek more details on the recent state government's statement that the state has received RM10 billion in foreign investments.
Tan said for the manufacturing sector, domestic investments accounted for RM4.6bil and foreign investments RM175mil.
"The sectors included chemicals, iron, transport and food," he said.
"The biggest investment was in Sabah Ammonia-Urea in Sipitang worth RM4.5bil and RM200mil in other sectors in Kota Kinabalu, Sandakan, Tawau and Lahad Datu," he said. - Bernama