The Gabungan Rakyat Sabah (GRS) coalition will establish a Sabah sovereign wealth fund next year if it is given a fresh mandate in the 17th Sabah State Election.
GRS deputy secretary-general Datuk Armizan Mohd Ali said the initiative, named the Investment Fund for Sabah Children's Future, is a long-term strategy by the party to ensure that Sabah has a more stable and sustainable source of revenue, instead of relying solely on tax income and volatile commodity resources.
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