Sabah aims to revolutionize its coastal economy through marine resource initiatives that could generate RM3.25 billion annually from seafood production alone, caretaker Chief Minister Datuk Seri Hajiji Noor announced. The state plans a specialized tuna port in Kota Kinabalu backed by RM360 million in private investment, with European Union recognition for deep-sea catches potentially worth RM1.8 billion yearly. The government holds 30 percent equity without direct funding commitments.
Ocean thermal energy conversion and seaweed farming anchor the broader strategy, with 90 percent of Malaysia's suitable cultivation zones located in Sabah waters. Hajiji emphasized mangrove preservation for carbon credit markets, noting the state possesses the nation's largest coastal forest areas. Financial institutions will support investors pursuing sustainable development goals.
The initiative encompasses renewable power generation, marine biotechnology, and tourism expansion, positioning Sabah as Malaysia's leader in ocean-based economic transformation while creating employment opportunities across 14 marine sectors.
Ocean thermal energy conversion and seaweed farming anchor the broader strategy, with 90 percent of Malaysia's suitable cultivation zones located in Sabah waters. Hajiji emphasized mangrove preservation for carbon credit markets, noting the state possesses the nation's largest coastal forest areas. Financial institutions will support investors pursuing sustainable development goals.
The initiative encompasses renewable power generation, marine biotechnology, and tourism expansion, positioning Sabah as Malaysia's leader in ocean-based economic transformation while creating employment opportunities across 14 marine sectors.
