Inside Investor sets focus on Sarawak

Reading Time: 2 minutes

COVERSarawak will see a high-profile business event on June 12 when Inside Investor launches its brand-new Inside Sarawak 2013 business and investment report to an audience of top official and business people from Sarawak and the GCC at the Hilton hotel in Sarawak’s capital Kuching.

The report covers topics on Sarawak as a destination for partnership, collaboration and investment, examines its macroeconomic fundamentals and resources for foreign direct investment, sets a sight on partnerships and collaboration with ASEAN neighbours and also analyses challenges and opportunities for long-term investors.

The event is being held under the patronage of the Right Honourable Pehin Sri Haji Abdul Taib Mahmud, Chief Minister of Sarawak, who will also hold a keynote speech, as well as Prof. Dr. Winai Dahlan, founder and director of the Halal Science Institute in Bangkok, Thailand.

One special focus of the report is on the Tanjung Manis Halal Hub. Tanjung Manis is of particular interest for investors into the halal food industry as it has been set up to serve as the region’s halal hub. Investors and halal park operators qualify for incentives given by the Halal Development Corporation to assist existing and potential industry players. The industry park is planned to be developed in three phases up to 2020. Upon completion, Tanjung Manis Halal Hub aims to be the largest and most advanced integrated halal hub in the world, not just for halal food but for a great number of other halal products and services.

Other investment opportunities in the state comprise infrastructure and energy, especially in the fields of public.private partnerships (PPP), which are being pushed by the government.

Sarawak’s economy has seen a significant upswing over the past years, with direct investment topping $1 billion in January and February 2013 alone. The state’s economy is being pushed by development of the Sarawak Corridor of Renewable Energy, or SCORE, where most of the foreign investors are setting up shop, especially in the fastest growign node, the Samalaju Industral Park. The state has also recently improved its air connectivity, making its easier to reach industry hubs and increasing tourism numbers. The state government also continues to invest heavily in ongoing improvements to basic rural infrastructure and utilities.

The economic structure of Sarawak is largely export oriented, with primary commodities dominating the economy. Mining, agriculture and forestry contribute about 40 per cent to the state’s total GDP, while secondary sectors like manufacturing and construction contribute slightly more than 30 per cent.

Among the 13 states of the Malaysian Federation, Sarawak has one of the strongest economies and is the only state to have an A-rating from Standard & Poors. Under the Tenth Malaysia Plan (2011-2015), $7.3 billion have been pledged towards the development of Sarawak. This, together with SCORE, the Government Transformation Programme (GTP) and the Economic Transformation Programme (ETP), means domestic investment will grow significantly.

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 2 minutes

Sarawak will see a high-profile business event on June 12 when Inside Investor launches its brand-new Inside Sarawak 2013 business and investment report to an audience of top official and business people from Sarawak and the GCC at the Hilton hotel in Sarawak’s capital Kuching.

Reading Time: 2 minutes

COVERSarawak will see a high-profile business event on June 12 when Inside Investor launches its brand-new Inside Sarawak 2013 business and investment report to an audience of top official and business people from Sarawak and the GCC at the Hilton hotel in Sarawak’s capital Kuching.

The report covers topics on Sarawak as a destination for partnership, collaboration and investment, examines its macroeconomic fundamentals and resources for foreign direct investment, sets a sight on partnerships and collaboration with ASEAN neighbours and also analyses challenges and opportunities for long-term investors.

The event is being held under the patronage of the Right Honourable Pehin Sri Haji Abdul Taib Mahmud, Chief Minister of Sarawak, who will also hold a keynote speech, as well as Prof. Dr. Winai Dahlan, founder and director of the Halal Science Institute in Bangkok, Thailand.

One special focus of the report is on the Tanjung Manis Halal Hub. Tanjung Manis is of particular interest for investors into the halal food industry as it has been set up to serve as the region’s halal hub. Investors and halal park operators qualify for incentives given by the Halal Development Corporation to assist existing and potential industry players. The industry park is planned to be developed in three phases up to 2020. Upon completion, Tanjung Manis Halal Hub aims to be the largest and most advanced integrated halal hub in the world, not just for halal food but for a great number of other halal products and services.

Other investment opportunities in the state comprise infrastructure and energy, especially in the fields of public.private partnerships (PPP), which are being pushed by the government.

Sarawak’s economy has seen a significant upswing over the past years, with direct investment topping $1 billion in January and February 2013 alone. The state’s economy is being pushed by development of the Sarawak Corridor of Renewable Energy, or SCORE, where most of the foreign investors are setting up shop, especially in the fastest growign node, the Samalaju Industral Park. The state has also recently improved its air connectivity, making its easier to reach industry hubs and increasing tourism numbers. The state government also continues to invest heavily in ongoing improvements to basic rural infrastructure and utilities.

The economic structure of Sarawak is largely export oriented, with primary commodities dominating the economy. Mining, agriculture and forestry contribute about 40 per cent to the state’s total GDP, while secondary sectors like manufacturing and construction contribute slightly more than 30 per cent.

Among the 13 states of the Malaysian Federation, Sarawak has one of the strongest economies and is the only state to have an A-rating from Standard & Poors. Under the Tenth Malaysia Plan (2011-2015), $7.3 billion have been pledged towards the development of Sarawak. This, together with SCORE, the Government Transformation Programme (GTP) and the Economic Transformation Programme (ETP), means domestic investment will grow significantly.

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid