From 2019 to 2023, the Sarawak government has attracted RM31.8 billion in foreign direct investment (FDI), which focuses on high-tech industries such as electronics, chemicals and the green metal sector.
According to the State's Deputy Minister of International Trade, Industry and Investment, Malcolm Mussen Lamoh said the land of the earth has implemented ten projects, totaling RM9.3 billion, showing a strong commitment to developing high-tech infrastructure.
With five of these projects in electronics, three in chemical production, and two centered on green metals, Sarawak is working to strengthen its industrial capacity and economic growth.
This shift towards high-tech investment is a clear sign of Sarawak's ambition to become a major player in advanced industries.
Working closely with the Malaysian federal government, Sarawak also aims to establish a hub for aerospace and semiconductor manufacturing, positioning itself as a prime destination for high-tech investment.
In addition, Sarawak is developing a new Investment Policy to further increase its attractiveness to investors.
The policy aims to provide a clear strategy to improve infrastructure, foster innovation, and create strong partnerships with technical institutions and industries that specialize in technology.
By building these relationships, Sarawak hopes to attract more investors, boost its high-tech sector, and support long-term economic growth.
