KOTA KINABALU, Sabah, Dec 16 (Bernama) —The Malaysian Investment Development Authority (MIDA) collaborated with the Ministry of International Trade and Industry (MITI) and Department of Industrial Development and Research (DIDR) Sabah to organise the Sabah Investment Seminar 2019, today. The event, graced by YB Tuan Chong Chen Bin, Assistant Minister of Trade and Industry (MTI), Sabah aimed to update participants on the current policies, incentives and financial supports that are available for investors. Also present was Mr. Hairil Yahri Yaacob, Deputy Secretary General (Investment) of MITI and Mr. Ahmad Khairuddin, Deputy Chief Executive Officer II, MIDA.
YB Tuan Chong Chen Bin, in his speech, highlighted that Sabah offers multiple business opportunities that have yet to be fully explored and tapped by the business community. “The State Government welcomes quality foreign and domestic investments, be it in the form of a direct capital injection or strategic collaborations. Some areas of potential investment opportunities include specialised industrial parks and estates, human resource development programmes, R&D and ICT. To drive Sabah’s industries into Industry 4.0, we welcome the announcement of the extension of the Automation Capital Allowances (Automation CA) to the year 2023 and the expansion of its scope to include the services sector. This incentive will, undoubtedly, enable more Sabahan stakeholders to embrace digitalisation in their operations, strengthening their businesses’ ability to be integrated into more established global supply chains.”
