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Shipping investors knock on Sabah's door

Last Update: 10/09/2019

KOTA KINABALU, Sept 10 -- The Sabah government would scrutinise every proposal and take into account the views of potential investors in regard to the state's shipping sector, said Chief Minister Datuk Seri Mohd Shafie Apdal. 

"We have received a few proposals and views from investors from China and the latest from Istanbul, Turkey. Among the sectors they are interested in is shipping, in which, according to them, they have the maturity.

"We do need the infrastructure, which are for sure, vital in the sector. Still, we must be clear-sighted before making any decision on such type of investments. When the time comes, we'll make a decision," he told reporters at the announcement of Saham Sabah 2019 dividends today.

Earlier, Mohd Shafie received a courtesy call from Istanbul Shipyard chief executive officer Atilla Ciftciguzeli and Business Development coordinator Dr Gunay Uzun at the Sabah State Administrative Centre here.

Meanwhile, Ciftciguzeli in a statement said his company was eyeing Sabah as one of its potential investment platforms.

To this end, the company is targeting projects involving the Royal Malaysian Navy and Malaysian Maritime Enforcement Agency in an approximately RM1 billion five-year investment plan that will also see creation of jobs for at least 1,500 high skill and technical personnel.

"We would like to make Malaysia a remarkable ship design and building centre in this region. This is our first attempt to establish a similar setup like we have currently in Turkey.

"This initiative was brought in as our commitment that we pledged during the visit of Prime Minister Tun Dr Mahathir Mohamad to Turkey recently in July.

"Our main aim is to transfer technology to Malaysia for the intention to make self-reliance capability.

"Having said that we are ready for potential collaborations with local companies to create a supply chain in the marine and shipbuilding industry that could contribute to one of the export elements for increasing the GDP of Malaysia," he said.



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