Additional 200,000 high paying jobs by 2030

KUCHING: Sarawak expects to generate an additional 200,000 high paying jobs by 2030 through the Sarawak Post Covid-19 Development Strategy (PCDS), said Chief Minister Datuk Patinggi Abang Johari Tun Openg.

He said the growth of six economic sectors — Manufacturing, Commercial Agriculture, Tourism, Forestry, Mining and Social Services — would position the state as an attractive investment destination.

“The value from private investments to Gross Domestic Product (GDP) will increase from RM21.0 billion in 2020 to RM61.5 billion in 2030 or an increase of 11.2 percent per annum.

“The share of private investments to GDP in 2030 will be 21.9 percent. This will increase value and quality of investments in Sarawak.

“Through these initiatives, an additional 200,000 high paying jobs will be generated, making a total employment of 1.5 million by 2030,” he said when unveiling the PCDS today.

Abang Johari said the increased employment opportunities would elevate the incomes and living standards of Sarawak youth to secure high income jobs with pathways for their career advancement.

The chief minister said at the same time, Sarawak would continue to develop and modernise the primary sector to increase productivity to support high value manufacturing activities.

“This will complement the growth in the services sector such as transport and logistics, financial and legal services as well as design and creative services,” he said.

Abang Johari pointed out that education and human capital development initiatives, namely, skills development training would ensure that Sarawakians were equipped with the right skills to grab the jobs created to increase their incomes.

He added, as such, the monthly median household income was projected to increase from RM4,544 in 2019 to RM15,047 in 2030.