THE state recorded a total of RM17.6 billion in approved investments across the services, manufacturing, and primary sectors in 2024, says Deputy Premier Datuk Amar Awang Tengah Ali Hasan.
Of this, he said that Domestic Direct Investment (DDI) led with RM13.5 billion or 76.6 per cent, while Foreign Direct Investment (FDI) contributed RM4.1 billion or 23.4 per cent.
“This investment involved 376 projects, potentially creating over 7,800 jobs.
“The services sector accounted for RM7.6 billion or 43 per cent, closely followed by manufacturing at RM7.5 billion or 42.9 per cent, while the primary sector received RM2.5 billion or 14.1 per cent.
“Despite similar investment values, manufacturing was the largest contributor to employment, generating 6,430 jobs or 81.8 per cent,” he said.
He said in his ministerial winding-up speech at the Sarawak Legislative Assembly (DUN) sitting here today (May 28).
Awang Tengah, who is also International Trade, Industry and Investment Minister also said that the manufacturing sector recorded key investments in chemical products such as urea, melamine, polycrystalline silicon and biodiesel amounting to RM2.9 billion.
He added that electrical and electronic products received RM1.2 billion, while non-metallic products including clinker, concrete and cement saw investments of RM800 million
“In the first quarter of 2025, the manufacturing sector received RM681 million in investments across 24 projects, expected to create more than 900 jobs.
“Investments focused on electrical and electronic (E&E) products such as mobile energy storage, charging and robotics amounted to RM75 million.
“Manufacturing-related services like warehousing received RM20 million, while non-metallic mineral products including cement and concrete recorded RM16 million,” he added.
Earlier he said that Sarawak’s economy is projected to grow at 5.0 per cent in 2024, sustained by strong domestic and external demand.
“The trade recovery strengthened the transport and logistics sectors. The manufacturing sector performed well, with LNG as the primary driver.
“LNG exports rose 3.8 per cent, driven by strong demand and higher prices. Steady growth is expected in 2025 despite global uncertainties,” he said.
