QHAZANAH SABAH INKS DEAL WITH BERJAYA LAND FOR STUDY ON KOTA KINABALU INTERNATIONAL AIRPORT MOVE TO KIMANIS

The Sabah State Government’s strategic investment arm, Qhazanah Sabah Bhd (“QSB”) has signed a Memorandum of Understanding (“MoU”) with renowned property developer, Berjaya Land Berhad (“B-Land”) to explore the possible relocation of Kota Kinabalu International Airport (“KKIA”) to Kimanis.

At the MoU signing, QSB was represented by its Group Chief Executive Officer, Ahmad Rizal Dahli and witnessed by its Group Company Secretary, Rudy Jaglul. Signing on behalf of B-Land was its Deputy Chairman and Berjaya Corporation Berhad Joint Group Chief Executive Officer, Syed Ali Shahul Hameed with Berjaya Corporation Berhad Chairman, Tan Sri Dato’ Seri Vincent Tan Chee Yioun acting as witness. Also present at the event were the Chairman of QSB, Datuk Seri Panglima Dr. Salleh Said Keruak, Director of QSB, Datuk Johnson Tee and the Chief Executive Officer of B-Land, Datuk Abdul Rahim Mohd Zin.

The MoU establishes preliminary collaboration between both companies, paving the way for QSB to carry out feasibility studies and exploratory works for the proposed project. Everything is preliminary at the moment until consensus with all relevant stakeholders is reached.

ISSUED BY QHAZANAH SABAH BERHAD & BERJAYA CORPORATION BERHAD

30^TH JUNE 2022