A declaration has been made by Palm Oil Industrial Cluster (POIC) Sabah Sdn Bhd to make the Lahad Datu POIC Port in Malaysia public. The company has also signed a concession agreement with the Sabah Ports Authority (LPPS) and POIC Logistics Sdn Bhd to facilitate this move. This transition is expected to make the port a logistics hub for Brunei, Indonesia, Malaysia, Philippines East Asean Growth Area (BIMP-EAGA).
With the port opening to public operations, delivery and receipt volumes of cargo is expected to increase in the east Sabah region as well as increase investments in the port. The port has been operational since 2013 but was restricted to the cargo of investors at the POIC Lahad Datu industrial park.
POIC Sabah has recently signed a collaboration agreement with Shandong Port Group Company Limited to connect POIC Lahad Datu Port with China’s ports.