KUALA LUMPUR – Labuan will launch its Development Action Plan in early 2017 to attract more investors, especially in the tourism and education sectors.
Labuan Corporation Chairman and the island’s Member of Parliament, Datuk Rozman Isli said a working paper on the action plan would be presented at the Asia Business Conference 2016 on Nov 10-11 in Labuan.
“Prime Minister Datuk Seri Najib Tun Razak is expected to officiate the launch of the action plan which is comprehensive and covers the entire island plus future plans for key industries.
“Labuan will be a financial centre, a logistics, oil and gas hub, as well as a tourism and education centre,” he said in an exclusive interview with Bernama News Channel Wednesday.
Rozman said the corporation is in the final stages of gathering input from various ministries, industry players and the state government in drafting the action plan.
He said the corporation is also interested in building a bridge linking Labuan to mainland Borneo to improve the economy and welfare of the people.
“The initiative to enhance Labuan’s tourism and education sectors is in line with efforts to diversify economic activities.
“We plan to invite recognised universities to open branches in Labuan as we have the International Offshore Financial Centre status,” he added.