Invest Sarawak in pipeline to spur business

Date:

KUCHING: The Sarawak government will establish a new entity called Invest Sarawak to provide better experiences and convenience for investors who want to invest in the state.

Chief Minister Datuk Patinggi Tan Sri Abang Johari Tun Openg said the new entity will be headed by Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan, who is also International Trade and Investment Minister.

“We want to make it easy for people to invest in Sarawak by providing easy access.

“Thus, it is (Invest Sarawak) a one-stop where all the prerequisite requirements will be coordinated.

“The allocation of land, power, water supply, all these will be coordinated under Invest Sarawak.

“This is for you (investors), not for Gabungan Parti Sarawak (GPS) but rather for you so that you can do your business and make money,” he said during the Sarawak State Entrepreneur of the Year Award 2021 ceremony at Imperial Hotel on Monday (Jan 24).

Abang Johari added that the establishment of Invest Sarawak was the state’s government commitment to create an ideal climate for investment through business-friendly policies and initiatives to shore-up the confidence of local and foreign investors.

On another note, he said that the state is also looking at a new hydrogen economy.

“We are giving emphasis to the production of hydrogen. Our economy must be environmentally friendly.

“Therefore, in the State Cabinet, we have one portfolio called Energy and Environmental Sustainability. We are consistent with the world trend, we have to balance the demand of the environment as well as the demand for our economy to move forward.

“So our land use policy as well as forestation, and also the idea of carbon trading will be included in our future economic strategy. With that there will be ample opportunities for the business sector.

“But then the business sector must be proactive and must be consistent with the current technology and development worldwide,” he said.

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