Sabah attracts RM35.38 billion in investments under SMJ Plan
Published on: Tue, Jul 08, 2025
By: Ricardo Unto Text Size: KOTA KINABALU: Sabah secured RM35.38 billion in total investments from 2021 to 2024 under the SMJ 1.0 plan, covering 420 approved projects, said Assistant Minister to the Chief Minister Datuk Nizam Abu Bakar Titingan. Of this, RM17.42 billion has been realised, while RM10.9 billion was approved in Q1 2025 alone. Domestic investments (RM20.61 billion) outpaced foreign (RM14.77 billion), especially in 2023 and 2024. Foreign investors focused on copper foil, solar, oil and gas, and steel, while domestic investors spanned broader sectors. To drive future growth, Sabah plans three new industrial parks in Kudat, Kota Belud/Kota Marudu, and Beaufort/Kimanis. * Read full report in tomorrow's print paper or log in or sign up for e-paper and premium online news access. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
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