LABUAN (Bernama) – Chinese investors have shown keen interest in the oil and gas (O&G) and tourism sectors in the duty-free island of Labuan during a recent visit.
Member of Parliament for Labuan Datuk Rosman Isli said the visit had provided the Chinese business delegation a better exposure on Labuan and possible business ventures.
“Labuan is keen to boost the level of Chinese investments, especially in the small and medium enterprise (SME), apart from O&G, tourism and trading,” he told Bernama yesterday.
The businessmen, including SME players, were exploring possible development projects, including port construction.
Rosman, who is also Labuan Corporation chairman, said the establishment of a high-level committee to look into Chinese investments was timely and should be expedited. Labuan is keen to develop special economic and commercial ties with China and further expand fish-cage farming and tuna fishing with Chinese investors.