Sabah Investment Mission To Japan Shows Encouraging Results – Shafie

KOTA KINABALU: The Sabah government’s investment mission led by Chief Minister Datuk Seri Mohd Shafie Apdal to Japan for five days has achieved encouraging results.

Mohd Shafie said the state had successfully finalised a RM100 million investment from Tokyo-based Blue Capital Management Co. Ltd. (Blue Capital) which is involved in biomass power generation.

He said the investment was sealed through an agreement signed between the Lahad Datu Palm Oil Industry Cluster (POIC) and Sabah’s Bloosom Bio Energy Sdn Bhd (BBE).

“This agreement involves the leasing of a two-hectare site at POIC Lahad Datu for 20 years to enable BBE and Blue Capital to build a biomass power processing plant from palm kernel shells for export to Japan.

“This effort not only brings investment into Sabah but will also create job opportunities to local residents in Lahad Datu,” he said in a press conference at the operations office of Sabah Air Aviation Sdn Bhd here, today, shortly after arriving from Japan.

The agreement was finalised after the Japanese company undertook a survey at POIC Lahad Datu previously, he said.

Mohd Shafie said the investment mission covered visits to five Japanese cities including Kobe, Nagoya and Tokyo, with meetings held with representatives from 15 companies.

Visits to factories of renowned companies were also held, among them, Toyota, Mitsubishi and Daiwa.

“A few initiatives were discussed in detail and I also delivered speeches at three seminars to explain what are the potentials that the Sabah government can offer.

“This included explanation on legislative amendments to reduce red tape in terms of licences involving development plans which we can manage in 24 hours,” he said.

Mohd Shafie said he also informed the attendees of the state government’s efforts to facilitate land approval matters and provision of facilities especially involving electricity and water supply.

He also explained the decision by the Sabah state government to ban the export of logs including to Japan to ensure that the wood-based industry would provide benefits to the state.

According to him, following the visits to the Toyota factory and a shipping company, follow-up actions would be undertaken including having meetings to realise the initiatives that were able to bring investments into Sabah and create jobs.