KOTA KINABALU: Qhazanah Sabah Berhad, the State’s strategic investment arm, is on track towards helping transform Sabah after undergoing its own
\nmetamorphosis over the past two years.<\/p>\n
Formerly known as Warisan Harta Sdn Bhd, the company underwent a rebranding to become Qhazanah Sabah Berhad or QSB with a firm eye on the future.<\/p>\n
The transformation within QSB along with the company’s renewed focus on
\ninvestments aimed at future-proofing Sabah’s economy came in the wake of
\nformer Chief Minister Datuk Salleh Tun Said’s appointment as company
\nChairman.<\/p>\n
“Salleh, the Usukan State Assemblyman, was instrumental in establishing the
\nState’s investment arm in 1995 when serving as Chief Minister.<\/p>\n
” Following its inception 27 years ago, Qhazanah’s diversified portfolio
\nencompassed logistics including port operations, finance, telecommunication
\ninfrastructure, energy, and healthcare services, said the company in a statement. <\/p>\n
Over the past two years however, QSB has been focusing on ventures that
\nwould move the State’s economy forward – an example includes the rebranding
\nof KOJASA Holdings Bhd and launching of KOJASA Mart – retail outlets with
\nbackroom operations driven by artificial intelligence (AI).<\/p>\n
With the future in mind, QSB is also exploring the use of electric-powered
\npublic transportation. It is conducting a trial run for an electric bus
\nservice in Kota Kinabalu until year end.<\/p>\n
Ultimately, the plan calls for electric buses to be integrated into the
\nCity’s public transportation service.<\/p>\n
This would however take time as QSB would need to get feedback from various
\nstakeholders including authorities such as Kota Kinabalu City Hall, the
\nCommercial Vehicles Licencing Board, Road Transport Department, as well as
\nother ministries and departments.<\/p>\n
Apart from the authorities, QSB would also be engaging those who already
\nproviding public transportation services such as bus and minibus operators
\nbefore moving forward with the plan.<\/p>\n
QSB is also affiliated with a proposed rapid transit system for the State
\nCapital that would stretch from Kota Kinabalu International Airport (KKIA)
\nto Universiti Malaysia Sabah (UMS).<\/p>\n
The project would be undertaken over two phases, the first being a 10.5km
\nsky train service linking KKIA to the KK Central and Gaya Street terminals
\nat the city centre and onto a 64ha mixed commercial development known as a
\nJesselton New City along Likas Bay.<\/p>\n
It had been estimated that the first phase would take about three years to
\nbe completed with funding by a group of investors.<\/p>\n
QSB is exploring the possible relocation of the KKIA to meet the anticipated
\nincrease of demand for air travel apart from using Sabah’s geographically
\ncentral location in Southeast Asia to transform the State into an air travel
\nhub.<\/p>\n
It is in consultation with various government agencies and authorities on
\nthe proposed relocation which had been suggested as early as 2018 amid
\nreports of congestion at the existing airport.<\/p>\n
Planning on the relocation of KKIA from now is timely as a project of this
\nmagnitude could take at least 8 to 10 years to be completed.<\/p>\n
The company is also working on transforming the quiet northern town of Kota Belud into a bustling urban centre through a new information and
\ncommunication (ICT) driven Bandar Digital Tun Said satellite township.<\/p>\n
The new township would spell job opportunities for Kota Belud youths, some of whom have headed to Kota Kinabalu and elsewhere in search of work
\nresulting in an ageing population in the district.<\/p>\n
Apart from being a commercial and residential development, the proposed
\nBandar Digital Tun Said would also provide housing for Kota Belud civil
\nservants who were currently occupying delipidated government quarters.<\/p>\n
QSB is also helping to assist in flood alleviation measures in Kota Belud by
\nintroducing a systematic and sustainable approach in sand mining activities
\nin the district. <\/p>\n
The company is also tapping into Sabah’s potential for renewable energy. It
\nis working on ventures into generating power from solar and hydro.<\/p>\n
It is working with several firms on a joint venture basis to sustainably
\ngenerate electricity with projects planned along Sabah’s West and East
\nCoasts.<\/p>\n
QSB is also working on developing modern waste management facilities in
\nSabah using advanced technologies.<\/p>\n
The company is also working on the development and management of utilities
\nunder the Sabah Utility Corridor.<\/p>\n
With its vast experience in providing cellular telecommunications
\ninfrastructure, QSB is working towards providing advanced digital
\ninnovations and solutions using 5G connectivity in Sabah.<\/p>\n
QSB is paving the way for a build-up in Sabah’s involvement in the digital
\ncontent industry through its Industry Bridging Programme (IBP).<\/p>\n
Never forgetting its roots, QSB has been consistent in giving back to the
\ncommunity. During the COVID-19 pandemic, the company provided relief to
\nfrontliners through contributions ranging from meals to laptop computers.<\/p>\n
The company has also contributed to the less fortunate by providing medical
\naid such as wheelchairs to villagers, as well as chairs and canopies for the
\ncommunity’s use.<\/p>\n
It has helped to improve the lives of rural communities by financially
\ncontributing to various initiatives such as water supply schemes<\/p>\n","protected":false},"excerpt":{"rendered":"
KOTA KINABALU: Qhazanah Sabah Berhad, the State’s strategic investment arm, is on track towards helping transform Sabah after undergoing its own metamorphosis over the past two years. Formerly known as Warisan Harta Sdn Bhd, the company underwent a rebranding to become Qhazanah Sabah Berhad or QSB with a firm eye on the future. The transformation […]<\/p>\n","protected":false},"author":9,"featured_media":15942,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-15941","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-news"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/15941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/comments?post=15941"}],"version-history":[{"count":1,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/15941\/revisions"}],"predecessor-version":[{"id":15943,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/15941\/revisions\/15943"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/media\/15942"}],"wp:attachment":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/media?parent=15941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/categories?post=15941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/tags?post=15941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}