page_title: Lahad Datu
section_title: Economy
hierarchical_section_title: Lahad Datu / Economy
caption_attribution_description: English: Lahad Datu, Sabah: Central Market Lahad Datu
context_page_description: Lahad Datu is the capital of the Lahad Datu District in the Dent Peninsula on Tawau Division of Sabah, Malaysia. Its population was estimated to be around 27,887 in 2010. The town is surrounded by stretches of cocoa and palm oil plantations. It is also an important timber exporting port. The town has an airport for domestic flights.
context_section_description: Lahad Datu also has several palm oil refineries. The Palm Oil Industrial Cluster (POIC) is located near the Lahad Datu Port and received its first vessel on 1 March 2013. It consists of 1,150 acres (5 km²) of land developed (with a centralised bulking facility and a jetty, currently under construction, which will have a draft of 20 meters, making it one of the few deep sea ports in the world) specifically for palm oil downstream industries. To date, 18 companies have bought land in POIC with 8 companies involved in the production of palm biodiesel. POIC is a wholly state-owned company under the purview of the Ministry of Industrial Development. Its chairman is the current minister, Datuk Dr. Ewon Ebin and the chief executive officer is Mr.Wong Yu Chin (ASDK,BSK).
caption: Lahad Datu Central Market.
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