Sabah set to get USD 3.1 bil investment via SSP
KOTA KINABALU, Malaysia The Sabah government is set to receive a RM13 billion investment, its biggest single investment so far, via SSP to the Palm Oil Industry Cluster (POIC) in Lahad Datu. The plan is to set up a petrochemical plant at POIC Lahad Datu to process naptha, a petroleum by-product, into a variety of petrochemical products for the world market. This is the essence of the term sheet signed on March 6 between state-owned POIC Sabah Sdn Bhd, the developer of POIC La
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