Business

Kota Kinabalu Industrial Park gets over RM2 billion in investment value


The Kota Kinabalu Industrial Park in Sabah has to date attracted more than RM2 billion in investment value in various industry clusters, mainly from small and medium industries.

Chief Minister Datuk Seri Musa Aman said in Kota Kinabalu today that this value is anticipated to increase by year-end.

"Being the leading industrial park in Sabah, KKIP has a distinct role in contributing towards achieving the state's target in economic growth.

"Despite uncertainties in the global economy, we are determined to ensure that Sabah's economy grows at the projected rate of between five to six per cent for this year," he said at the KKIP annual dinner in the State capital last night. His speech was delivered by State Community Development and Consumer Affairs Minister, Datuk Jainab Ahmad Ayid.

Musa, who is also State Finance Minister, said KKIP had developed a capable team of professionals, who had also contributed in bringing industrialisation to places such as Sipitang and Lahad Datu.

"I understand in KKIP itself, over 6,000 jobs have been created, mainly from the manufacturing sector and annually, some 10,000 trainees undergo professional skills training at various local institutions. Some of them are affiliated to KKIP," he added.

He urged KKIP to ensure new tailor-made courses are introduced in the skills and research institutions, to meet Sabah's specific human resources needs. - Bernama, June 13, 2013.

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