25/05/2011 (Bernama) - Sabah is expected to contribute about RM5 billion of the RM115 billion national target per annum for realised investment.

Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said Sabah had high potential to achieve what was expected of it in the Economic Transformation Programme where it is involved in four sectors including renewable energy and oil and gas.

"Sabah has done well in forest industries, oil and gas, tourism, and palm oil," he told reporters after a roundtable meeting with 15 companies from Kota Kinabalu Industrial Park (KKIP), Tawau and Sandakan, here Tuesday.

Among the issues discussed pertained to logistics, transportation costs, high terminal charges, levy on foreign workers and gas prices, he disclosed.

According to him, the Malaysian Investment Development Authority (MIDA) would be working with Sabah's Palm Oil Industrial Cluster (POIC) to promote the latter aggressively in Peninsular Malaysia.

Meanwhile, Sabah Industrial Development Minister Datuk Raymond Tan Shu Kiah said it was important to have good rapport with MITI to "fast-track activities and ensure they were result-orientated.

"Even now we are already looking at RM3 billion worth of investments including oil and gas through Petronas," he said.

KKIP, which is under his ministry has added the auto and fibre glass industries to the list of viable investments.

"We are working to see how much of these investments can be firmed out," he added.