FSM: Sabah has potential to become economic powerhouse

KOTA KINABALU: Sabah has the potential to become Malaysia’s economic powerhouse, said the president of the Federation of Sabah Manufacturers (FSM) Datuk Seri Wong Khen Thau.

To realise this, he said the state government policies, investment climate and business environment must be conducive, particularly for the investing community. “In the context of the manufacturing sector, we have been promoting Sabah and are going all out to make the state, the business hub for the Far East. “For example, if we look back at Dubai some 20 years ago or less, it was nothing, just a piece of desert land without development. But due to the leadership or rather government’s commitment with regard to the importance of the Blue Ocean Strategy, it turned Dubai from nothing to an economic powerhouse in the Middle East today,” he told Bernama.