Labuan

The Malaysian government's attempts to turn Labuan into an international banking centre has had only limited success, but the government still offers incentives to try to lure in new investors. With land utilization geared more towards property and industrial use, there is little agricultural activity. Most of the island's prime land, waterfront and suburbs are utilised for residential and tourism development. A sizeable area on the southwestern side of the island is occupied by shipbuilding, manufacturing and oil and gas industries. Within recent decades Labuan has undergone significant improvements in infrastructure and services.