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Wednesday, July 30, 2008

1Borneo poised to become premier shopping destination

Date Posted: 31 July 2008

KOTA KINABALU: 1Borneo, a hypermall that houses internationally and regionally-recognised brands, is poised to place Sabah on the map and elevate Kota Kinabalu’s status as a premier shopping destination in the region.

Chief Minister Datuk Seri Musa Aman said with world-class and regional reputable brands, the establishment of Tune Hotel and Golden Screen Cinemas, the hypermall would certainly emerge as a new, exciting tourism product for Sabah.

“1Borneo is indeed a positive development for Kota Kinabalu City. The outlets in IBorneo reflect the tastes and lifestyle of the people here.

“Of course this is a good start for developing Sabah as a premier shopping destination, thus complementing the state’s tourism attractions,” he told reporters after officiating at the soft opening of 1Borneo in Likas, near here, yesterday.

Musa, who is also State Finance Minister, thanked 1Borneo’s developer Sagajuta (Sabah) for being able to complete the project within three years.

Earlier, in his speech, the Chief Minister said the state government was actively promoting tourism to further boost the local economy and create opportunities for the people.

“Our state is one that is blessed as we have a range of natural sites and rich culture for travellers from all over the world to enjoy.

“We have one of the best diving spots in the world at Pulau Sipadan and we also have Mount Kinabalu for the adventure seekers. However, there are some tourists who prefer shopping holidays and 1Borneo is one such product that caters for them.”

Musa said tourism receipts were projected to increase from RM2.88 billion in 2006 to a whopping RM48.5 billion in 2025.

“We are confident that by diversifying our tourism products, this figure is within reach at the end of the 18-year Sabah Development Corridor period,” he said.

Later, Musa officially opened RHB Bank Berhad’s new branch at 1Borneo.

Meanwhile, Giant Hypermarket at 1Borneo, a world-class hypermarket that was set up at a cost of RM20 million, opened its doors to Sabahans yesterday.

Giant, an anchor tenant at 1Borneo, stocks over 100,000 items of fresh food, daily essentials and consumer goods while being committed to offering low prices, big variety and great value.

GCH Retail Sdn Bhd marketing director Ho Mun Hao said its investment in 1Borneo created 350 jobs as well as generated business opportunities for traders and small and medium enterprises (SMEs).

— Bernama

(Source: The Borneo Post, 09 Jun 2008)

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