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    16 July 2012| last updated at 03:38PM

    Sabah attracts RM10.2b investments in Q1



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    KOTA KINABALU: Sabah has attracted RM10.2 billion in investments in the first quarter of 2012, said Industrial Development Minister, Datuk Raymond Tan Shu Kiah.

    He said of the amount, RM5.3 billion came from services sector, RM4.8 billion from manufacturing and RM170 million from other sectors.

    Tan said of the investment in the services sector, RM370 million involved domestic investments in the housing and hotel sectors.

    "The balance of RM4.9 billion came from US investors involved in the activities to set up fishing hubs," he said this in reply to a question by Melanie Chia Chui (BN-Luyang) at the Sabah State Legislative Assembly here today.

    Chia wanted to know the types of investments and the companies involved and to seek more details on the recent state government's statement that the state has received RM10 billion in foreign investments.

    Tan said for the manufacturing sector, domestic investments accounted for RM4.6 billion and foreign investments RM175 million.

    "The sectors included chemicals, iron, transport and food," he said.

    "The biggest investment was in Sabah Ammonia-Urea in Sipitang worth RM4.5 billion and RM200 million in other sectors in Kota Kinabalu, Sandakan, Tawau and Lahad Datu," he said. -- BERNAMA

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