Sabah Ports Sdn Bhd and Taiwan International Port Corp., Ltd (TIPC) signed a Memorandum of Understanding on Monday, 4th April 2017 to explore business cooperation as well as look into strengthening bilateral port ties. The MOU signifies a commitment from both parties to share port planning and operation strategies to enhance port performance and exploration of investment potential in Sabah .
The MOU entered will benefit Sabah Ports as it seeks to engage the expertise of the well-established state owned TIPC, which manages 7 commercial ports in Taiwan and handled a total combined throughput of 225 million Twenty Equivalent Unit (TEUs) in 2016. This augurs well for Sabah Ports as it embarks on the SBCP expansion plan which will upgrade the ports capabilities to handled 1.21 million TEUs during the first phase of development and upon completion, will have the ability to accommodate 3.76 million TEUs.
Signing on behalf of Sabah Ports was its Managing Director, Ms. Ng Kiat Min who is also the Group Managing Director for Suria Capital Holdings Berhad, while Datuk Karim Hj. Bujang acted as witness to the MOU signing ceremony.
