Sarawak records RM21.4 bil in investments last year - Sarawak Deputy Premier

KUCHING: Sarawak has solidified its position as a preferred investment destination, registering a total investment of RM21.4 billion in 2023, with the manufacturing sector contributing the lion's share, the Sarawak Public Communications Unit reported.

Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan said the manufacturing sector accounted for approximately 62 per cent of the total investment.

This achievement, he said, is a testament to the initiatives under Sarawak Premier Tan Sri Abang Johari Tun Openg, including the development of the Post-Covid-19 Development Strategy (PCDS) 2030 and the introduction of green economy elements such as hydrogen and carbon trading.

"The year 2023 saw Sarawak recording an investment total of RM21.4 billion. The manufacturing sector was the major contributor, followed by the primary sector and the services sector.

"This performance underscores Sarawak as a choice location for investments," he said during the Sarawak International Trade and Industry, Investment (MINTRED) Appreciation Dinner 2024 on Feb 4.

Awang Tengah, who also serves as the Minister of MINTRED, highlighted that the ministry has executed numerous programmes to support the socio-economic development agenda in the state, emphasising that all efforts by MINTRED should align with achieving the objectives of PCDS 2030.

He urged continued strategic collaboration with stakeholders and partners to attract more high-quality investments to Sarawak.

"As civil servants, we must keep abreast of current global developments, such as new technologies, digitalisation, and other innovative solutions.

"I encourage everyone to continually seek new knowledge and skills, especially in areas related to our ministry," he added.

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