State, federal govts approve RM44.6 billion for 11MP

Awang Tengah (sixth left) is pictured with the movers and shakers of the Sarawak economy. From sixth right: Wong, Fadillah, ASLI CEO Tan Sri Michael Yeoh and Nancy.

Follow and subscribe to DayakDaily on Telegram for faster news updates.

KUCHING: The state government has approved an allocation of RM20 billion to implement various development projects under the 11th Malaysia Plan, 2016-2020.

In addition, the federal government has approved an allocation of RM24.6 billion under the First and Second Rolling Plans (2016-2018).

Among some of the major projects undertaken in Sarawak are the Pan-Borneo Highway (RM16.5 billion), Murum Hydroelectric Dam (RM4.1 billion), Baleh Hydroelectric Dam (RM8 billion), Backbone Transmission line (RM2.7 billion), Samalaju Industrial Port (RM1.8 billion) and Samalaju Industrial Park (RM1 billion).

Chief Minister Datuk Patinggi Abang Johari Tun Openg said the state government will continue to facilitate private investment.

“We acknowledge that the private sector has the necessary ingredients, namely capital, latest technology and management expertise as proven in the case of many developed economies.

“This is also in line with the objectives of our Socio-Economic Transformation (SET) programme,” said Abang Johari at the 4th Sarawak Business and Investment Summit 2017 event themed “Digitising Sarawak, Amplifying Growth”, organised by Asian Strategy and Leadership Institute (ASLI) today.

His keynote address was read out by Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan.

Citing the agriculture sector, services sector and tourism industry, he said these were some of the areas which the government will develop and improve to generate more revenue.

On developing the digital economy, he said the government will be tabling the Sarawak Multimedia Authority (SMA) Ordinance in the coming state assembly sitting.

“The objectives of Sarawak Multimedia Authority, amongst other things, is to spearhead the promotion of the digital economy by regulating and coordinating ICT businesses in the state,” said Abang Johari.

He also announced the completion of the RM60.6 million-Biovalley Research Centre in Curtin University Miri, which will provide incubator facilities which he hoped the private sector will take advantage of to carry out research and development in the pharmaceutical and medicinal fields.

“We will give more focus on the bio-economy that includes the full utilisation of our biomass for renewable energy,” said Abang Johari.

Also present were International Trade and E-commerce Minister Dato Sri Wong Soon Koh, Works Minister Datuk Seri Fadillah Yusof, and Minister in the Prime Minister’s Department Datuk Seri Nancy Shukri.