Deputy Premier: China’s RM19.4 bln investment in Sarawak sparks economic growth, job creation

Awang Tengah (centre) together with Mussen (third left), Xing (third right) and other distinguished guests cutting the cake to commemorate the 50th anniversary of Malaysia-China diplomatic ties on May 23, 2024.

By Christopher Lidom

KUCHING, May 23: China’s investment in Sarawak has surpassed RM19.4 billion to date, mainly in solar, steel, and wood-based manufacturing industries.

Highlighting this, Deputy Premier Datuk Amar Awang Tengah Ali Hasan emphasised that these investments have resulted in the creation of over 10,000 jobs for the local population and have had positive spin-offs for the local economy.


“The impact of China’s investments on the economic growth and development of this region is significant.

“These investments have bolstered industrial capabilities while promoting sustainable development and innovation,” he said when addressing the Malaysia-China Summit 2024: Networking Engagement Series in Sarawak held at a hotel here today.

Awang Tengah, who is also Minister for International Trade, Industry and Investment, also urged both the public and private sectors in Sarawak to capitalise on the upcoming Malaysia-China Summit 2024, scheduled for Dec 17 to 19 this year.

He sees it as a crucial opportunity to enhance economic synergy and shape future regional collaboration and economic development.

“This Summit serves as a platform for Sarawak to further strengthen socio-economic collaboration and forge meaningful partnerships with China,” he stated.

Awang Tengah anticipates that the Summit will attract 500 exhibitors and 10,000 trade delegates from China, Malaysia, and Asean, providing strategic insights to explore new prospects and opportunities for market expansion.

Deputy Minister of International Trade and Investment Datuk Dr Malcolm Mussen Lamoh and Consul-General of the People’s Republic of China in Kuching His Excellency Xing Weiping were present. — DayakDaily