A SINGAPORE company is negotiating to invest RM45 million in a floating solar manufacturing project in Sarawak.
Deputy Premier Datuk Amar Awang Tengah Ali Hasan said this is due to the existence of the Sarawak Trade and Tourism Office (STATOS) which has actively promoted investment and trade in the state.
“STATOS aims to connect Sarawak to the global market through Singapore. Among the efforts are to connect Sarawakian enterprises to the Singapore market for food and promote tourism activities, including hosting webinars, participating in Singapore Trade Shows and introducing the Sarawak Ambassador programme as well as the Promotion Assistance Scheme.
“To date, these activities have generated more than RM70 million of export, with more than 35 local suppliers exporting their products and services globally through Singapore including 19 Sarawakian enterprises supported under the Promotion Assistance Scheme offered by STATOS.
“In addition, these activities also attracted three Singaporean corporates to organise business retreats and events in Sarawak, involving more than 400 participants,” he said.
Awang Tengah, who is also the Minister of International Trade, Industry and Investment, said this in his ministerial winding-up speech in the State Legislative Assembly (DUN) today.
He said STATOS was established in 2019 and has been playing the role as a facilitator for trade, investment and tourism, while the Sarawak Trade and Tourism Office Brunei (STATOB) has been established in Brunei Darussalam and expected to be in operation by 2024.
“We are also planning to set up a similar office in Kalimantan, Indonesia,” he said.
To ensure all the initiatives and efforts are more effective, he said his ministry will develop the Sarawak Investment Policy with the aim to provide a comprehensive investment promotion strategy, including formulating well-structured and targeted investment incentives to attract both domestic and international investors.
