Sarawak’s investment pipeline exceeds RM58 billion

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By Shikin Louis

KUCHING, Dec 6: Sarawak now commands an investment pipeline exceeding RM58 billion, spanning key development sectors including energy, industrial development, digitalisation and the green transition.

Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg revealed this during a Shareholders’ Agreement signing ceremony between PMB Aluminium Sdn Bhd and BDA Capital Sdn Bhd at a hotel in Bintulu today. The ceremony was broadcast live on YouTube by the Sarawak Public Communications Unit (UKAS).

He also noted in a recent address to the Sarawak Legislative Assembly that Sarawak’s projected GDP growth of around 5.2 percent surpasses the expected national average.”

“This reflects a clear and encouraging message: confidence in Sarawak’s future remains strong,” he said.

He further said the Post Covid-19 Development Strategy 2030 outlines an ambitious vision for Sarawak: to double the size of the State’s economy to approximately RM282 billion by 2030, create hundreds of thousands of new employment opportunities and raise household incomes while ensuring social inclusivity and environmental sustainability.

“To deliver on this vision, we must continue transforming our economic structure. Sarawak cannot rely solely on exporting raw materials; instead, we must produce high-value, technology-driven products for regional and global markets,” he asserted. – DayakDaily

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