Sabah Ports Sdn Bhd and Indonesia Port Corporation (IPC) have signed a Memorandum of Understanding (MoU) to enhance bilateral trade and cooperation for the purpose of improving port efficiency.
The MoU also includes port-related training apprenticeship, exchange of information and technical assistance.
IPC currently manages the Port of Tanjong Priok, Jakarta, which is considered one of the busiest and advanced Indonesian seaports.
Sabah Ports aims to benefits from the experience of IPC in operating 12 seaports in 10 Indonesian regions (West Sumatra, Bengkulu, Jambi, Lampung, South Sumatra, Bangka Belitung, Jakarta, West Kalimantan, Banten and West Java).
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Ng Kiat Min, Sabah Ports Sdn Bhd Managing Director cum Suria Capital Holdings Berhad Group Managing Director, said that the Port is eager to utilize the framework to discuss how both parties can leverage on each other’s strengths and move forward with synergy.
Ng Kiat Min, said, “Indonesia is Malaysia’s closest and most important neighboring country. Both countries have enjoyed strong economic ties.
“As the far-sighted decision of President Jokowi to move Indonesia’s capital to East Kalimantan takes root, the island of Borneo which is shared between Sabah, Sarawak, Brunei and Kalimantan, will undeniably be impacted for the better.
“Tawau and Kalimantan are neighbors and potentials in this Greenfield area, which covers close to 16 million inhabitants, is immense. Therefore, this MoU comes at a most opportune time.
IPC is a state-owned enterprise whose shares are owned by the Republic of Indonesia through the Ministry of State-Owned Enterprises. The company is specialized in port and logistics services and lists Ship Service and Goods Service among its main products.