KUCHING: Sarawak remains an attractive and preferred investment destination with an approved investment value totalling RM10.4 billion as of June 2024.

According to Sarawak Deputy Premier, Datuk Amar Awang Tengah Ali Hasan, the total approved investment included those approved by the Industrial Coordination Committee (ICC). 

He said from the total value of approved investment, foreign direct investment amounted to RM5.7 billion while domestic direct investment was worth RM4.7 billion.

“There are also foreign investors who have shown interest in investing in Sarawak where a series of meetings with investors and stakeholders have been held. 

“These potential investment values are expected to reach RM117.4 billion,” he said.

He said this in a press conference in conjunction with the Joint Committee on Industry Coordination (JBI) Meeting which he co-chaired together with the Minister of Investment, Trade and Industry, Datuk Seri Utama Tengku Zafrul Tengku Abdul Aziz here, on Monday.

Meanwhile, Datuk Amar Awang Tengah who is also the Sarawak Minister for International Trade, Industry and Investment proposed for the Senari Port and Miri Port to be designated as free trade zones.

“We (the Sarawak government) have already proposed the free zone initiatives, and I am very grateful to the Federal government through the Ministry of Investment, Trade, and Industry (MITI) for their positive response.

“We are focusing on these two ports first, namely Senari Port and Miri Port, because there is a similar need as at Bintulu Port and Samalaju Port,” he added. -UKASnews