KUCHING: Sarawak remains an attractive destination for foreign investors due to its natural resources and development potential.
Regional Corridor Development Authority (Recoda) chief executive officer Datuk Ismawi Ismuni emphasised that Sarawak has a stable government which provides a conducive environment for businesses to operate.
“A sum of RM4.5 billion has been allotted for infrastructure projects, which are undertaken by the Upper Rajang Development Agency (Urda), the Highland Development Agency (HDA) and the Northern Region Development Agency (NRDA).”
He said, the agencies which are under the purview of Recoda are tasked to develop basic infrastructures and amenities in the remote and rural areas (hinterland) of Sarawak Corridor of Renewable Energy (Score).
“They are tasked to build roads, bridges and utilities. We (Recoda) are busy with our infrastructure projects. Score has an area of 100,000 km2 and a lot of the areas are under-developed because they don’t have basic infrastructure,” he said.
He said this during a 45-minute video meeting with Sarawak Trade and Tourism Office Singapore (Statos) chief executive officer Chew Chang Guan via Zoom on Wednesday.
Ismawi said Sarawak’s strategic location within Asean, with Australia and China nearby are among its selling points to investors.
He said that Score leverages on the abundance of clean renewable energy from the Bakun and Murum dams, which are hydro-electric powered, to drive heavy industries and other investments.
“Sarawak has abundant oil and natural gas reserves, as well as other natural resources such as vast deposits of silica sand and kaolin or china clay.
“Hence, the Sarawak government through Recoda is building infrastructure projects in the rural areas to provide better road connectivity and good amenities for efficient logistics, which are important for any investment to come in,” he said.