Sabah in Safe Hands Under Hajiji

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KOTA KINABALU: Investor confidence has skyrocketed boosting the economy since the Sabah Maju Jaya (SMJ) roadmap got underway two years ago.

The inflow of RM6.9 billion from three major investments will create 12,750 jobs for the people of Sabah.

And these three major investments have been matched by an all-time record rise in state revenues – up to RM5.449 billion in 2021, a 51.74 per cent increase.

The following year, the amount shot up to RM6.96 billion – a 27.75 per cent hike.

One of the three high impact investments is the setting up of a copper foil manufacturing plant by South Korea’s SK Nexilis (M) Sdn Bhd at the Kota Kinabalu Industrial Park (KKIP).

China’s SBH Kibing Solar New Materials (M) Sdn Bhd is building a solar glass panel and sand processing factory while on March 22 this year, the state government signed a memorandum of understanding with a manufacturer of coconut-based products to develop the state’s coconut plantation project.

All three investments are worth RM4.28 billion, RM2 billion and RM420 million, respectively.

And, the 2022 Sabah Maju Jaya (SMJ) Development Plan 1.0 Annual Report has estimated that these projects will create more than 12,000 jobs across the state.

A further major project has seen the signing of a Commercial Collaboration Agreement between the state government and PETRONAS to further enhance developing the oil and gas industry in Sabah. 

The agreement, which was concluded under the steer of the Federal Government, is testament to the expanding mutually beneficial relationship between the state and PETRONAS as the national oil and gas corporation.

Sabah will be able to increase its participation in upstream petroleum production in partnership with PETRONAS Carigali Sdn Bhd, the wholly-owned subsidiary of PETRONAS, as well as with midstream and downstream oil and gas businesses across the state.

In his policy speech at the opening of the State Legislative Assembly sitting here on Monday, Head of State Tun Haji Juhar Mahiruddin had commended Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor and his State Cabinet for achieving the highest revenue collection in 2022 despite an uncertain economic environment.

He expressed confidence that Hajiji would continue to put Sabah on the right track through the implementation of various initiatives which included exploring trade opportunities and high impact investments to boost the economy and protect the people’s well-being.

And, the Governor also said the SMJ development plan, now into its second year, has shown positive results.

Launching the SMJ Development Plan in March two years ago, Hajiji said it outlined three main thrusts to develop the state from 2021 to 2025.

The three thrusts were based on the SMJ slogan where S refers to the three main sectors of agriculture, industry and tourism; the letter M refers to human capital and well-being of the people while the letter J refers to green infrastructure and sustainability networks.

“SMJ is not a personal plan owned by the Chief Minister and Cabinet members, nor is it the right of the Gabungan Rakyat Sabah (GRS) government or a plan for civil servants.

“SMJ is our roadmap and the state coat of arms which is the right and property of Sabahans,” Hajiji stressed.

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