KUCHING: Sarawak has successfully attracted RM116 billion in investments across three key sectors — primary industries, manufacturing, and services — over the past five years.
Deputy Premier Datuk Amar Awang Tengah Ali Hasan said 60 per cent of these investments came from foreign direct investments (FDI).
He attributed this achievement to Sarawak’s political stability, business-friendly policies, and the efficiency of the state government’s administration, which have strengthened investor confidence, particularly among foreign investors.
“The strong international image of Sarawak, as highlighted by the Premier, has directly positioned the state as a preferred investment destination for foreign investors,” he said in his speech during the closing ceremony of the party’s 16th Triennial General Meeting at Borneo Convention Centre Kuching (BCCK) on Sunday (Feb 16).
Awang Tengah, who is the PBB deputy president, added that the state is currently reviewing potential investments worth no less than RM100 billion in various sectors, particularly in renewable energy, green hydrogen, manufacturing, and oil and gas.
The Minister for International Trade, Industry, and Investment assured that discussions with potential investors, both local and international, are actively ongoing.
He also highlighted Sarawak’s robust trade performance, noting that the state’s external trade had been on a positive trajectory.
“In 2021, Sarawak’s total external trade stood at RM150.87 billion, and this increased to RM193.42 billion in 2023.
“This success has resulted in a positive trade balance, with exports reaching RM130.84 billion last year, surpassing imports of RM62.58 billion,” he said.
With continued investor confidence and a strong economic foundation, Awang Tengah expressed confidence that Sarawak will further strengthen its position as a leading economic hub in the region.
