Business
Sabah-China Business Ties Bolstered in Dalian Session
A high-level business session in Dalian, China, strengthened economic ties between Sabah and China, promoting strategic cooperation and investments, notably by Kim Teck Cheong Consolidated Berhad in Sabah.
Key Points
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A high-level industrial business session in Dalian, China, strengthened economic ties between Sabah and China. Organized by MCCC Sabah and the Dalian Federation of Industry and Commerce, the event explored strategic cooperation, with a focus on industries with growth potential.
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Deputy Chief Minister Datuk Ewon Benedick led the Sabah delegation. Discussions included resource integration, financial coordination, and human capital. A sister chamber relationship was established to enhance long-term cooperation.
- MCCC Sabah highlighted Sabah’s strategic location and resources, attracting Chinese investment. Plans for RM200 million investment by Kim Teck Cheong were revealed. The collaboration aims to expand youth and cultural exchanges, with a focus on industrial development and logistics.
A high-level industrial business collaboration session held in Dalian, China, has significantly strengthened the economic and trade relationships between Sabah and China. This session was organized by the Malaysia China Chamber of Commerce Sabah (MCCC Sabah) in cooperation with the Dalian Federation of Industry and Commerce, attracting business leaders and investors focused on exploring strategic partnerships. The Sabah delegation was spearheaded by Deputy Chief Minister III, Datuk Ewon Benedick, who emphasized the importance of translating cooperative discussions into tangible outcomes involving resource integration, human capital, and market positioning.
MCCC Sabah’s president, Datuk Dexter Lau, highlighted Sabah’s strategic advantages, such as its location and natural resources, drawing interest from Chinese businesses. The engagement saw the establishment of a sister chamber relationship to enhance long-term cooperation. The session focused on sectors with strong growth potential, including industrial development, logistics, and trade, while promoting youth and cultural exchange programs.
Notably, Kim Teck Cheong Consolidated Berhad announced plans to invest an additional RM200 million in Sabah over the next two years. Datuk Lau pointed out that Sabah’s industrial platforms, like the Palm Oil Industrial Cluster, could drive regional industrial cooperation. MCCC Sabah plans to continue facilitating communication between government agencies and businesses, enhancing Sabah’s role in regional economic cooperation.
The official visit included prominent members of MCCC Sabah, such as Deputy President Kapitan Dr. Callee Tan Kai Lee and Vice Presidents Louis Su and Yong Siew Lee, further underscoring the collaborative efforts to expand and solidify Sabah-China business ties.
