Basic Metals, Non-metallic Minerals And Wood Products Drive Foreign Investments In Sabah

KUALA LUMPUR, Aug 12 (Bernama) -- The three main industries in Sabah that recorded the highest foreign investments over the past decade (2015 to 2024) in the manufacturing sector were basic metal products, non-metallic mineral products, and wood products, according to the Ministry of Investment, Trade and Industry (MITI).

For the state’s services sector, the hotel and tourism sub-sectors, along with support services, were the main contributors. “In terms of value, basic metal products recorded RM4.3 billion, followed by non-metallic mineral products at RM2.5 billion, and wood products at RM99.1 million. The hotel and tourism sector recorded RM205 million, and support services amounted to RM37.9 million,” the ministry said in a written reply published on the Dewan Rakyat portal today.

The ministry was responding to a question from Datuk Jonathan Yasin (GRS-Ranau), who asked about the total foreign investment made in Sabah over the past 10 years and at present.

MITI stated that as of the first quarter of 2025, Sabah ranked third in terms of approved investment value in the manufacturing, services, and primary sectors, amounting to RM10.9 billion.

“The actual investment figure refers to projects that have been realised. In this regard, it is informed that a total of 25 foreign investment projects in the manufacturing and services sectors under the supervision of the Malaysian Investment Development Authority (MIDA), worth RM7.18 billion, have been realised in Sabah over the 10 years from 2015 to 2024,” the ministry said.

MITI also stated that these foreign investments have created a total of 3,138 job opportunities for locals.

-- BERNAMA