KUCHING: The establishment of InvestSarawak is a pivotal initiative by the Sarawak government to facilitate the ease of doing business in the state.
Deputy Premier Datuk Amar Awang Tengah Ali Hasan said InvestSarawak is a one-stop centre (OSC) that aims to transform the investment landscape, increase trade and talent attraction for Sarawak.
“InvestSarawak will play a key role serving as facilitator and adviser to provide invaluable local insights to all investors, both foreign and domestic.
“They are also under the purview of my ministry, which is the Ministry of International Trade, Industry and Investment (MINTRED),” he said in his speech during the launching of InvestSarawak and EU Business Day 2024 networking dinner here last night (Feb 14).
Invest Sarawak is the state’s investment and trade agency that will play the role of the first point of contact for all investors.
In addition, it will act as the key facilitator to all investors across sectors in the development, applications and approvals for investment projects in Sarawak.
Touching on the programme, Awang Tengah described it as a good effort to gather local and global thought leaders under one roof, adding that the forum held attracted over 300 participants from more than 100 companies from the European Union (EU).
“Sarawak’s unique offerings and Europe’s diverse markets offer huge potentials for mutually beneficial partnerships both in investment and trade.
“For the past decade, there were 19 EU investments in Sarawak, specifically from the Netherlands, Belgium and Germany, totalling RM10.66 billion in sectors such as electric and electronic (E&E), basic metal and petroleum products,” he said.
Present at the launch were Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg, Deputy Premier Datuk Amar Dr Sim Kui Hian, Ambassador of the EU to Malaysia Michalis Rokas, Minister of Women, Early Childhood, Community Wellbeing Development Datuk Seri Fatimah Abdullah, Utility and Telecommunication Minister Datuk Seri Julaihi Narawi, State Secretary Datuk Amar Abu Bakar Marzuki and InvestSarawak chief executive officer Timothy Ong.
