On track to facilitate investment under PCDS

The Sarawak Post COVID-19 Development Strategy 2030 (PCDS) is now on track, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.

He said based on the plan, private investment is the main engine of growth.

“We have been very successful in bringing investors to Sarawak in the past few years due to Sarawak’s political stability, clear policies and strategies as well as the means to facilitate private investment.

“Under the 12th Malaysia Plan (12MP) Mid Term Review, we have approved a substantial ceiling mounted to RM38 billion to accelerate our infrastructure projects for socio-economic development and at the same time, to meet the requirement of private investors,” he said.

Abang Johari said that the amount is over and above the alternative funding that has been allocated for strategic infrastructure projects.

He said this when delivering his ministerial winding-up speech at the State Legislative Assembly (DUN) sitting on Wednesday.

Meanwhile, on the last sitting, Abang Johari said that he had mentioned that among the key issues of infrastructure development in Sarawak is the shortage of cement supply.

“Today, I wish to update this august House that we have made a significant progress
to address the issue.

“Last Friday, on November 24, we have received our maiden shipment of cement from Vietnam in Tanjung Manis Port.

“The supply of cement will meet the demand of the construction industry to accelerate our infrastructure development in Sarawak,” Abang Johari said.