Property Hunter Magazine Issue 91 - August 2017 | Page 62

PROPERTY NEWS PROPERTY NEWS  by New Sabah Times China keen to invest in Sabah Some Eastern expertise. China companies are keen to invest in visited the Lahad Datu palm oil industrial infrastructure development in Sabah Sabah through an integrated approach cluster (POIC Lahad Datu) this week under China’s One Belt One Road (OBOR) involving aiding in infrastructure and walked away impressed with the initiatives. development, direct investments and potentials of the state-owned industrial bringing in related investors. park. For China companies to qualify for OBOR funding here, they must have joint venture This was revealed by top officials of And, it now wants assurance of raw Tangshan Chunhua Grain & Oil Group CO., materials supply to enable it to build an Ltd – a diversified China multi-national oleochemical plant at POIC Lahad Datu. 62 Qi said that on the company’s drawing board is a 200,000-metric ton bulking with major interests in vegetable oils and logistics. agreements with Malaysian companies. It also would look into encouraging facilities (tank farms) that would require Chinese small and medium industries it to rent or buy 25 acres of land at POIC The company’s chief executive officer to invest in related sectors and explore Lahad Datu. George Qi and some of his managers possibilities of securing funding www.PropertyHunter.com.my