POIC SABAH SDN BHD
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The Sabah State Government set up POIC Lahad Datu in 2005 to spearhead the development of palm oil downstream processing to add value to its 1.5 million hectares of oil palm plantations, to create jobs and business opportunities. Apart from palm oil/oil palm, POIC Lahad Datu is also poised to attract investments in port & logistics, biomass, bio refineries, oil & gas and related small and medium enterprises for the Halal Park@POIC.
Aside from investments directly linked to palm oil, POIC Lahad Datu also offers business opportunities in a wide range of supporting industries needed for a sector which contributes RM4 billion in state revenue per annum and employs 130,000.
POIC Lahad Datu is incorporated within the Sabah Development Corridor which aims to propel the state to developed status by 2025. To-date, 1,700 acres in POIC Lahad Datu have been developed with infrastructure and utilities. The industrial park is planned to cover more than 4,400 acres of integrated industrial complex designed to cater light, medium and heavy industries.
A Liquid Bulk and Dry Bulk terminal are presently in operation, while the Container Terminal (with a capacity of 250,000 TEUs) is under construction and due to be operational by Q4 2018.
POIC Lahad Datu is envisaged to be not only a catalyst for the development of Sabah, but also the resource-rich BIMP-EAGA (Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area) which supplies the global market with palm oil, cocoa, rubber, timber and minerals, including coal and petroleum.
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