Kota Kinabalu: Sabah recorded RM24.98 billion in approved investments over a five-year period from September 2020 to September 2025.
Industrial Development, Entrepreneurship and Transport (Mindet) Minister Datuk Ewon Benedick said that according to records from the Malaysian Investment Development Authority (Mida), RM19.55 billion consisted of foreign investment, while RM5.43 billion was domestic investment.
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“The year 2022 recorded the highest investment totalling RM8.38 billion, followed by 2025 – up to the third quarter – with a value of RM7.54 billion.
“Furthermore, the State Government plans to establish a Blue Economy Industrial Park in Kudat as well as an Industrial Park in Kota Belud to stimulate investment and industrial activity in Sabah,” he said at the Minister’s Mandate Ceremony, the 2025 Excellent Service Awards and Mindet Appreciation Night here Thursday.
Ewon said the State Government will soon announce an interim action plan to address container congestion issues at the Sapangar Bay Container Port.
He said the State Government is focusing on the development of local enterprises to ensure that Sabahan entrepreneurs are capable of competing within global investment supply chains.
“To date, only 261 companies from Sabah out of the 12,742 companies registered with the Malaysia External Trade Development Corporation (Matrade) have participated in international expo programmes.
“Given this situation, the ministry must implement improvements in efforts to empower the participation of Sabahan companies in international markets,” he said.
Also present were Assistant Mindet Minister Datuk Jonnybone J Kurum and Permanent Secretary Datuk Thomas Logijin.
