Sarawak has conducive ecosystem for investment opportunities

Awang Tengah in a group photo with staff at the Ministry's Appreciation Night.

By Dorcas Ting

KUCHING, Nov 22: The state government is committed to ensure a conducive ecosystem to attract more domestic and foreign investments into Sarawak which has remained as a preferred investment destination in the nation for many years.

Minister of International Trade and Industry, Industry Terminal and Entrepreneur Development Datuk Amar Awang Tengah Ali Hasan pointed out that Sarawak remains among the top three investment destinations in Malaysia demonstrated that a holistic and conducive ecosystem was in place.

“This year alone, the Second Industrial Coordination Committee had approved 43 investment projects, worth around RM17.85 billion. This is quite an achievement despite the global economic downturn and uncertainties,” he addressed the Ministry’s Appreciation Night at a hotel here last night (Nov 21).

The Deputy Chief Minister thus urged the Ministry to continue their hard work to strengthen Sarawak’s position as the favourite destination for investors.

“The state cabinet has also approved an allocation of RM300 million for Sarawak Micro Credit Scheme, to assist entrepreneurs especially the B40 group, to expand and diversify their businesses,” he said.

Awang Tengah assured that the Ministry will continue to help the small and medium enterprise (SME) entrepreneurs to grow their businesses.

“Sarawak population is small, and so the market is small too. To grow our markets, we have to be export-oriented. For SMEs in particular, you have to explore a wider market.

“We will also try to bring local entrepreneurs to visit international exhibitions so they have opportunity to promote their products, for business matching and strengthen their business networking,” he added.— DayakDaily