19-member delegation from Singapore UOB, clients on 3-day Kuching visit to explore opportunities

Abang Johari (fourth left) in a photo with the Singapore UOB delegation and their clients.

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KUCHING, June 29: A 19-member delegation from UOB Singapore (Foreign Direct Investment Advisory) and their clients are on a three-day visit here to explore investment opportunities. 

The Sarawak Trade and Tourism Office Singapore (Statos) team started talks with UOB last year and both parties saw synergies particularly in promoting investments for Sarawak to complement and work together with Singapore in many areas. 

Upon arrival yesterday (June 28), the delegation paid a courtesy call on Premier of Sarawak Datuk Patinggi Tan Sri Abang Johari Tun Openg at his office in Wisma Bapa Malaysia here. 

Statos chairman Tan Sri Datuk Amar Mohamad Morshidi Abdul Ghani and Statos chief executive officer (CEO) Chew Chang Guan were present.

Statos Financial, Corporate Affairs, Trade and Investment manager Kenny Lau emphasised that Sarawak is endowed with valuable renewable energy, is a potential hydrogen hub for the region, rich in forestry resources, and has abundant land and cheap electricity.

“Foreign direct investments (FDIs) have been steadily coming into Sarawak especially in the last two years. 

“We want UOB (FDI) and their clients to understand why Sarawak can be their next investment destination. The opportunities are huge if we look around us and acknowledge what is happening to the global supply chain,” he said in a statement issued yesterday. 

The delegation’s visit will include visits to factories in the Sama Jaya and Demak Laut industrial parks as well as tourism investment sites.

They are also expected to attend a joint briefing, organised by the Economic Planning Unit (EPU) Sarawak, on renewable energy, hydrogen, carbon credit, Sarawak digital economy, smart city, agriculture and tourism.  

Among the UOB clients in town are Continental Hope, Hitachi, Delta Electronics Int’ (Singapore), and China Mobile International. — DayakDaily