Premier holds talk with South Korean companies keen to invest in petrochemical industry in Sarawak

Abang Johari (fifth left) and Awang Tengah (sixth left) in talks with South Korean investors.

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KUCHING, Sept 8: Premier of Sarawak Datuk Patinggi Tan Sri Abang Johari Tun Openg and Deputy Premier Datuk Amar Awang Tengah Ali Hasan have today held talks with two South Korean companies keen to invest in petrochemical-related industries in Sarawak.

According to a press statement, the two potential investors will manufacture products that are part of the complex petrochemical chain which Sarawak is currently promoting and developing.

In the meeting in conjunction with his visit to South Korea, Abang Johari highlighted that Bintulu is the base to the majority of Sarawak’s petrochemical activities and has the necessary infrastructure to support these types of investments.

At the same time, he also emphasised that there are few petrochemical projects which are currently ongoing in Bintulu that can provide synergy to these investments which will in turn establish more complete value chains for the petrochemical industries in Sarawak.

With that, Abang Johari welcomes these investments as they are in line with Sarawak’s Post-Covid-19 Development Strategy (PCDS) 2030 where petrochemical has been identified as one of the major industries that can assist the State to reach a high income economy status by 2030.

Awang Tengah added that the Ministry of International Trade, Industry and Investment (MINTRED) Sarawak will facilitate the investors on their proposals.

Abang Johari is currently leading a delegation from the Sarawak government to South Korean to meet and strengthen cooperation with industry leaders and investors for the development of hydrogen economy and petrochemical industry in Sarawak.

Deputy Minister of Energy and Environmental Sustainability Dr Hazland Abang Hipni, advisor to MINTRED Datuk Mohd Naroden Majais, Deputy State Secretary (Economic Planning and Development) Datu Dr Muhammad Abdullah Zaidel, MINTRED special officer Datu Liaw Soon Eng, Sarawak Economic Development Corporation (SEDC) chairman Tan Sri Abdul Aziz Hussain, Ambassador of Malaysia to the Republic of Korea Datuk Lim Juay Jin and Malaysian Investment Development Authority (MIDA) Seoul director Mohamad Reduan Mohd Zabri were among those present. — DayakDaily