KOTA KINABALU (MON): A Webinar entitled Investment Protocol in Sabah: The Main Role of Invest Sabah Berhad and SEDIA- Investment Proposals Procedures and Process will be organised by the Institute for Development Studies (Sabah) on Friday, 25th February 2022, at 3.00 p.m. via ZOOM.
In a statement today, IDS Chairperson, Datuk Adeline Leong said there is no doubt that the state of Sabah has tremendous potential and numerous opportunities to be the leading economy in Malaysia and the ASEAN region with its abundance of resources and strategic geographical location. “With strong Federal Government support and the state’s preparation for Indonesia’s administrative capital move to Kalimantan, many foreign investors are showing interest in Sabah’s trade and economic engagements,” she added.
This was further confirmed and concluded in the recent Sabah International Business and Economic Summit (SIBES) held recently in Kota Kinabalu. The international summit had sparked many interests for potential investors both foreign and domestic, to seriously invest in the State.
With the presence of two investment organisation in Sabah, the newly established INVEST SABAH Berhad and the recent restructuring of Sabah Economic Development and Investment Authority (SEDIA), the upcoming webinar aims to enlighten participants on the main role of the two organisations in terms of attracting and processing new investment proposals before being endorsed for approval by the State Government. This webinar also serves to better understand the main functions of the INVEST SABAH Berhad and SEDIA in complimenting each other in attracting and processing new investments into the state of Sabah.
Two speakers will be presenting their papers during the webinar which are YBhg. Datuk Madiyem Layapan, Chief Executive Officer of INVEST SABAH Berhad with his presentation “The Main Role of INVEST SABAH Berhad and Investment Proposal Procedure and Process”, and Mr. Keving Ukang, Chief Investment Officer, Investment Development Section, SEDIA with his presentation “The Main Role of Investment Development Section, SEDIA and Investment Proposal Procedure and Process”.