KUCHING: The state government practises an open policy on foreign investment, especially  the one which contributes significantly to the state’s economic development.

According to Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan, many foreign investors have expressed interest to invest in Sarawak.

“The state government has always welcomed foreign investors, because of the coming investment will certainly open up employment opportunities and generate economic growth,” said Awang Tengah after attending a recent briefing session involving Beca Sci Tech company from China who is interested to invest in petro chemical industry in Sarawak at Wisma Sumber Alam, here.

“However, we (state government) will first have to make in depth study and review the paperwork presented to us from this investor,”

“The state government needs to know other companies involved in the proposed project,” said Awang Tengah who is also the Minister of Industrial and Entrepreneur Development. 

He also said that the state should also look into the company’s plans such as industries and products that would benefit the surrounding communities.

“In petro chemical investment issues by Beca Sci-Tech, they also need to tell the state government about their feedstock supplier as well as detailed information on their plans for their proposed project.

“I am very happy with this development and hope it will come true.

“On behalf of the state government, assistance will certainly be provided to facilitate the process of implementation of any investment project from outside,” he added.

Also present at the briefing were Assistant Minister of Industries and Investment Malcolm Mussen Lamoh, Deputy State Secretary Datu Abu Bakar Marzuki, Permanent Secretary of the Ministry of Industrial And Entrepreneur Development Datu Liaw Soon Eng, Chief Economic Officer of the Economic Corridor Development Authority (RECODA) Datu Hj Ismawi Ismuni and Chairman of Beca Sci-Tech Fridy Dong.