KOTA KINABALU: 10X Development Group (10X), inspired by Monaco’s globally recognised “La Belle Classe Destination” framework, signals Sabah’s ambition to elevate its marina infrastructure, attract high-value maritime tourism and cultivate a world-class nautical ecosystem.
“10X is an integrated investment and development company focused on building sustainable coastal and waterfront communities. We aim to generate positive impact, strengthen local economies and enhance coastal regions,” said its Managing Director Dick FF Yong.
The company develops marinas, ports, resort towns and urban waterfront districts, combining long-term capital, operational expertise and a strong commitment to environmental and social responsibility aligned with the United Nations Sustainable Development Goals (UNSDG).
Yong envisioned the State becoming the yachting and leisure maritime capital of Southeast Asia, supported by a thriving maritime community across its coastal cities with strong ecological awareness.
He said DP World’s presence in Sabah as a port infrastructure operator demonstrates the State’s maritime potential.
He added that 10X is collaborating with state governments to transform coastal destinations through three strategies focusing on reinventing existing coastal cities with marina or port infrastructure, re-creating tourism destinations to enhance their appeal as well as recalibrating development priorities to ensure environmental preservation and conservation.
“Sabah has attracted our attention due to its business-friendly policies and strategic location in Southeast Asia.
“That said, we hope the Government will work alongside private sectors like us to facilitate the growth of better infrastructure and friendlier investor policies,” he said.
He expressed desire to develop projects in harmony with Sabah’s rich natural environment and historical culture, ensuring that development enhances its existing strengths.
“We believe that true sustainability goes beyond simply minimising environmental impact. It involves creating thriving communities where economic growth, social inclusion, and respect for the natural environment advance together in balance,” he said.
