KOTA KINABALU: The development of the Lok Kawi Resort City project is expected to drive the tourism sector which is one of the three pillars highlighted in the Sabah Maju Jaya 2021-2025 development plan, chief minister Hajiji Noor said today.
The development plan consists of three main pillars namely agriculture, industrialisation and tourism as the focus of economic growth, human resource and people’s well-being as well as infrastructure network and green sustainability that will move in tandem with the Shared Prosperity Vision 2030.
Hajiji said the Lok Kawi Resort City, consisting of theme parks, resort hotels, shopping complexes, commercial and office blocks as well as residential units, would be developed on 166.3ha in Lok Kawi, Putatan, with a gross development value of RM7 billion.
He said the project could boost the conducive environment for the tourism sector especially in mitigating the number of accommodation rooms and resorts in Sabah.
“The state government is optimistic that Sabah’s tourism sector will be able to grow rapidly once the Covid-19 pandemic is addressed. This project is expected to provide 5,000 job opportunities that will increase when fully operational,” he said at the launch of the project by Prime Minister Muhyiddin Yassin.
Hajiji also accompanied Muhyiddin to witness the signing of two investment agreements between Kota Kinabalu Industrial Park Sdn Bhd and SK Nexilis Co Ltd as well as the Sabah state government and Linaco Group of Companies.
Hajiji said SK Nexilis, a South Korea-based copper foil manufacturer for vehicles, has agreed to invest a total of RM2.3 billion and is expected to create 500 jobs for the initial phase while the construction of the plant that is targeted to start operations in 2023 is expected to further increase port utilisation by 10,000 twenty-foot equivalent units a year.
Hajiji said the agreement with Linaco would involve large-scale cultivation and processing of coconuts namely high-yield hybrid coconut palms followed by the development of integrated coconut processing plants to optimise the production of coconut-based products.
“The coconut processing plant will be operational as soon as possible with an initial investment estimated at RM200 million,” he said. - FMT
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