Sarawak attracting Chinese, South Korean investors, says CM

Chief Minister Abang Johari Openg says the Sarawak Corridor of Renewable Energy has recorded about RM80 billion in investments to date. (Bernama pic)

KUCHING: Investors, notably from China and South Korea, continue to support Sarawak’s industrialisation programme because the state is politically stable, says Chief Minister Abang Johari Openg.

He said the investors, who were interested particularly in the Samalaju Industrial Park and Samajaya High-Tech Park here, appreciated the state’s policies which were consistent and well-defined while its renewal energy capabilities were enormous.

“The success of the Samajaya High-Tech Park is also encouraging. Just last week, I launched the first phase of an elecfoil production facility in Samajaya costing RM400 million.

“Total investments by companies in Samajaya have exceeded RM12 billion and more foreign companies have indicated their readiness to invest there,” said Abang Johari in his Chinese New Year message here today.

On the Sarawak Corridor of Renewable Energy (SCORE), he said that to date, it had recorded about RM80 billion in both public and private investments.

The chief minister said through the SCORE Development Plan, the state is expected to generate about RM334 billion in terms of investments and poised to create 1.6 million new job opportunities, especially for young Sarawakians.

He was confident the Sarawak economy would grow at an encouraging rate in the few years ahead because its policy was geared towards growth and expansion, with a projected growth of 5% for 2019 compared with 4.6% in 2018.

“In our quest to strengthen Sarawak’s economy and upgrade our infrastructure, we must not lose sight of our struggle to regain our lost rights according to the Federal Constitution and Malaysia Agreement 1963,” he said, adding that Sarawakians must be united in this struggle regardless of their political stance.

On strength in diversity, Abang Johari was proud that Sarawak has been a place where people could understand and respect each other, and are able to live in a society where unity was of utmost importance to the common good and overall well-being.