KOTA KINABALU: The State Government is committed to make Sabah a commercially viable choice for property investment and an attractive destination for tourism, said Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor.
“The State Government supports the private sector’s key role in the property market. Greater private-driven initiatives will further push the economic momentum in the property industry; increase the flow of investments; enhance overall economic diversification create wider economic opportunities; and create other economic spill overs,” he said.
As outlined in the Hala Tuju Sabah Maju Jaya development agenda, Sabah’s economic strategy is to strengthen key economic clusters, he said. “The property sector is a key component in this economic transformation agenda, in part, because of its proven track record in developing human resources networks and in spinning supply chains,” he said at the Jesselton Quay Central (JQC) Light-Up ceremony on Wednesday.
In this respect, the Chief Minister said the JQC, a joint-venture project between GLC, Suria Capital Holdings Berhad and SBC Corporation Berhad will add another transformation to the city’s landscape.
“The mixed development project is strategically located at the city’s waterfront which is being developed into a centre with international standard facilities and amenities, against the backdrop of a beautiful seaside, and often spectacular sunsets.
“The Jesselton Waterfront City Masterplan, of which the Jesselton Quay Central and the Sabah International Convention Centre are key parts and the on-going and new developments in this location augur well for quality property development.
“When fully completed, we can proudly say that the infrastructural development here and the revival of the city’s old side, has paid off,” he said. The Chief Minister said the Jesselton Quay and One Jesselton Waterfront, and the complementary developments in the vicinity, will Ok new-look city destination.
“The proposed plan to develop an international cruise terminal as part of the long-term plan to position Kota Kinabalu as a regional and international water terminal port is now put into place,” he said.
As part and parcel of the first phase of the Jesselton Quay mixed-development project, the completed JQC is located on 16.25 acres of prime land at the Kota Kinabalu Port and would serve as an extension of the Kota Kinabalu City central business district. The Occupation Certificate (OC) is expected to be obtained by the first quarter of this year for JQC that comprised two towers of 25-storey commercial suites, one tower of 25-storey i-hotel, Gallery Shoppes and a tropical-themed recreation club at the podium top.
-pr/BNN
