Sabah Development Bank looking for 'white knights' to rescue abandoned PacifiCity project


KOTA KINABALU: State-owned Sabah Development Bank Berhad (SDB) is awaiting the completion of the receivership process of the PacifiCity mixed development project in Likas here in order to look for new developers for the abandoned project.

Over the last few months, SDB said, it has been on the lookout for potential "white knights" to undertake the rehabilitation of the project which comprises both residential and commercial developments.

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