Published on: Wednesday, December 23, 2020
By: Bernama
Joachim (centre) at the Sipitang Oil and Gas Industrial Park (Sogip).
Kota Kinabalu: The oil and gas (O&G) industry must increase its contribution to Sabah’s economy in order to sustainably support its population and boost value-add activities, said Deputy Chief Minister Datuk Joachim Gunsalam.
The Sabah Minister of Industrial Development said despite being the country’s largest crude oil producing state which accounted for 42 per cent of total production, Sabah remained the state with the highest unemployment rate and slowest rate of economic growth.
“It is critical for the state to continue moving up the value chain in order to maximise the benefits derived from its hydrocarbon resources and create valuable spin-offs across the state especially for the people.
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Sabah POIC chairman Datuk Seri Yong Teck Lee discussing directions for POIC Lahad Datu in bid to turn Lahad Datu into major investment hub in BIMP-EAGA.
KOTA KINABALU: Lahad Datu will be turned into a centre for national and regional investment over the next ten years, says POIC Sabah chairman Datuk Seri Yong Teck Lee.
He said that Lahad Datu would be turned into a major hub for the East Asean Growth Area (BIMP-EAGA) through several proposed transformational initiatives. We are proposing an integrated international airport with a ferry terminal, a maritime academy, building towards being 5G-enabled, a gas-powered plant, food safety and certification facility, among others, Yong told the senior management team of POIC Sabah in his maiden visit to the company head office here.