Sabah's public and private sectors told to leverage the strong economic ties with China and Asean
In line with the global environmental standards, 80 per cent of palm oil plantations in Sabah have achieved the Malaysian Sustainable Palm Oil Certification as of last year, he said.
Besides that, Hajiji said there are ample opportunities for investors from China and Asean in green technology, high-tech agriculture, and mixed developments.
"Sabah is also pitching to Chinese investors to explore the state’s Blue Economy concept, which involves the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs.
"Sabah also looks forward to increased cooperation with China in green energy, manufacturing, high-technology agriculture, and smart city construction, among other areas, to promote mutual benefits and win-win partnerships," he said.
"While oil and gas remain important revenue streams for Sabah, we welcome investors also to explore solar and storage technologies, hydro, geothermal, and carbon market opportunities," he added.
Hajiji said China is the largest source of foreign tourists to Sabah with 135,855 of the 396,564 international arrivals for the first four months this year from the People's Republic of China.
He believed the Malaysia-China Summit 2024 represents not only a significant platform for strengthening bilateral trade and investment but also an excellent opportunity to highlight and further develop Sabah’s thriving tourism sector.
Hajiji said the summit was auspicious as it marked the 50th anniversary of the establishment of Malaysia’s diplomatic ties with China, which fell on May 31, 2024.
"Our two countries have had a long history of good bilateral relations and in the past few years, we have experienced remarkable progress in exchanges and cooperation in various fields - trade, investment, education, culture, tourism, and beyond.
"Sabah supports this initiative as a platform to further enhance our bilateral relations and shared prosperity to include ASEAN, thereby strengthening our regional economic integration," he said.
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