LONDON: Sarawak continues to strengthen its position as a leading investment hub in Southeast Asia by offering a broad range of economic opportunities rooted in sustainability and technological innovation, says Deputy Premier Datuk Amar Awang Tengah Ali Hasan.
He said the state is targeting high-income and developed status by 2030 through a range of strategic initiatives.
He noted that Sarawak’s strategic location on the island of Borneo places it in an ideal position to access the Asian market, which is home to over 4.5 billion people—equivalent to 60 per cent of the global population.
“With a landmass spanning 12.4 million hectares, Sarawak is endowed with a wealth of natural resources, including fertile agricultural land, untapped forests, minerals, petroleum, and natural gas.
“Six key sectors have been identified under the Post COVID-19 Development Strategy (PCDS) 2030—namely manufacturing, agriculture, forestry, tourism, mining, and services.
“Each of these sectors offers substantial investment potential, with a strong emphasis on balancing economic progress with environmental preservation,” he said during his welcoming remarks at the Sarawak Connects 2025 event held here on Friday local time, which was officiated by Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.
Awang Tengah also pointed out Sarawak’s ambition to position itself as a regional leader in green energy, pointing to its vast potential of 20,000 megawatts (MW) in hydropower capacity.
He explained that major hydroelectric projects—namely the Batang Ai, Bakun, and Murum dams—currently supply over 60 per cent of the state’s energy mix.
“The concept of cascading dams and hydrogen economy initiatives has placed Sarawak at the forefront of global efforts in sustainable hydrogen production and distribution.
“Sarawak’s investment offerings are also aligned with Environmental, Social and Governance (ESG) principles, as well as the United Nations’ Sustainable Development Goals (SDGs),” he added.
