Awang Tengah: Sarawak restructures, diversifies its economy into data-driven downstream industries

Awang Tengah (third right) at the Gala Dinner and Awards Ceremony of the 2022 Global Muslim Business Forum in Kuala Lumpur on Wednesday (Oct 19, 2022).

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KUCHING, Oct 20: Sarawak is focusing on restructuring and diversifying the State’s economy into high-value downstream industries driven by data and innovation, according to Deputy Premier of Sarawak Datuk Amar Awang Tengah Ali Hasan.

Awang Tengah said this on Wednesday (Oct 19) at the Gala Dinner and Awards Ceremony of the 2022 Global Muslim Business Forum in Kuala Lumpur.

“Sarawak has launched the Post-Covid-19 Development Strategy 2030 (PCDS 2030) to transform our economy into a high-income and developed State by 2030, and we are now in the process of putting this plan into action.

“Our focus is to restructure and diversify our economy into high-value downstream industries driven by data and innovation.

“We are emphasising on six economic sectors namely manufacturing, commercial agriculture, tourism, forestry, mining, and services,” he said.

He went on to say that Sarawak’s goal is to be a thriving society by 2030, with everyone enjoying economic prosperity, social inclusion, and sustainable development.

Awang Tengah, who is also the Minister for International Trade, Industry, and Investment, pointed out that PCDS 2030 is a long-term plan for Sarawak that capitalises on global megatrends.

“We are now focusing on expanding our frontiers in order to help and modernise our traditional industries in order to make them more sustainable, while also changing the economic landscape with new areas of growth.

“Moving forward, we will also leverage and promote high-value downstream activities for both resource-based and non-resource-based industries.

“We would like to attract global partnerships to develop technology-driven commercial activities for international markets, as well as brand Sarawak as a leading destination for ecotourism and business events in the region,” he added.

In addition, he announced that Sarawak will host the 2nd Global Muslim Business Forum in Kuching, Sarawak, in July 2023.

“By hosting this forum in Kuching, we are able to showcase Sarawak’s attractiveness in trade, business, and investment opportunities, as well as our integrated socio economic development plan to our international investors and entrepreneurs.

“I believe the 2023 Global Muslim Business Forum in Kuching will mark the beginning for our business community to further explore and establish collaboration on the potential of the economic sectors including the halal industry,” Awang Tengah noted. — DayakDaily