PETALING JAYA: Suria Capital Holdings Bhd
’s plan to develop an international cruise terminal at Kota Kinabalu Port is well positioned to capitalise on the Kota Kinabalu waterfront area, which is envisioned to be a major transportation and tourist hub.
AmInvestment Bank Research (AmInvest Research) said in a research note that the Sabah ports operator would also benefit from the significant large developments taking place in the vicinity.
Suria Capital, which enjoys a port monopoly in Sabah, operates all eight major international seaports in the state.
“(The waterfront area) is also supported by the resurgence in tourist visits after the Covid-19 pandemic,” AmInvest Research said in its note.
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