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Citadines Waterfront Kota Kinabalu, Sabah by Ascott Malaysia Embarks on a Landmark Collaboration to Boost Economic Ties with China and Korea

Ascott Malaysia, under CapitaLand Investment Limited’s The Ascott Limited, introduces Citadines Waterfront Kota Kinabalu, Sabah, marking a pivotal moment in fostering global economic partnerships.

By The Ascott Limited on May 13, 20242 minutes read

Sabah, Kota Kinabalu, 6th May 2024 – CapitaLand Investment Limited’s wholly owned lodging business unit, The Ascott Limited (Ascott), proudly announces Citadines Waterfront Kota Kinabalu, Sabah, a premier hospitality establishment under Ascott Malaysia, proudly announces a momentous occasion in its journey towards fostering global economic partnerships. On Saturday, 11th May 2024, the esteemed property will enter a Memorandum of Understanding (MOU) with two influential organizations, the Malaysia China Chambers of Commerce (Sabah branch) and the World Federation Overseas KoreanTraders Association Kuala Lumpur.

This significant event, set against the breathtaking backdrop of Sabah’s coastal beauty, will witness the presence of distinguished guests and esteemed speakers, including Mr. Laurentius Bansing, Residence Manager of Citadines Waterfront Kota Kinabalu, Sabah. Mr. Bansing will deliver the opening speech, setting the tone for an event dedicated to enhancing trade relations and promoting Sabah as a preferred destination for both business and leisure travelers.

Among the esteemed attendees will be Mr. Michael Chin, President of The Malaysia – China Chamber of Commerce Sabah branch, and Datuk Matthew Lee, Chairman of World Federation Of Overseas Korean Traders Associations Kuala Lumpur. Their presence signifies a notable gathering of key figures poised to explore opportunities for increased economic collaboration between Sabah, China, and Korea.

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Mr Michael Chin, President Malaysia China of Commerce (Sabah Branch) (left) and Laurentius Bansing, Residence Manager of CWKK (right)

The highlight of the event will be the official signing of the MOU by all three parties, symbolizing a commitment to cooperation and growth. This auspicious occasion will see the presence of distinguished individuals, including Datuk Lim Poh Yit, the owner of Titijaya Land Berhad, and Mr. Yoon Ockchae, Consul of Korea at the Consulate of the Republic of Korea and Datuk Dr Roland Chia, Political Secretary for Chief Minister of Sabah. They will be joined by members of the media and esteemed officials, collectively witnessing this historic moment.

“We believe that this collaboration marks a significant milestone not only for Citadines Waterfront Kota Kinabalu, Sabah but also for the economic landscape of Sabah,” remarked Mr. Laurentius Bansing. “By strengthening ties with key players in China and Korea, we aim to position Sabah as a premier destination for trade and tourism, thus contributing to the overall prosperity of the region.”

Through this collaboration, Citadines Waterfront Kota Kinabalu, Sabah, along with its partners, endeavors to drive economic growth, promote cultural exchange, and showcase the unparalleled beauty and hospitality of Sabah to the world. Together, they aspire to elevate Sabah’s standing on the global stage, attracting visitors and investors alike, and solidifying its reputation as a preferred destination for both business and leisure.

Ascott is one of the largest lodging owner-operators in Malaysia with 18 operational properties tailored for different market segments across Ascott’s award-winning brands such as Ascott, Somerset, Oakwood, Citadines, lyf, HARRIS, and FOX.