Steady economic growth, increased industrialisation, rapid urbanisation and one of the highest foreign investment rates in the country are all contributing to fuel a strong performance in Sarawak’s construction industry. The private and public sectors are doing their part to fill up the order books and, as a result, the construction industry has nearly doubled in productivity over the five-...
The state’s once underdeveloped transportation infrastructure is transitioning from a maligned weakness to a position of strength as improvements to air, sea and land connections continue to ease the flow of goods and people within Sarawak and abroad. For an island state whose inland waterways also still serve as the primary conduit for moving people and cargo internally, water transportation...
As Sarawak’s largest employer, providing a livelihood for about one quarter of the population, the agriculture, forestry and fisheries sector stands as one of the state’s key engines, even with the gains in economic diversification made in recent years. Sarawak also plays a central role in Malaysia’s agriculture sector as a whole, producing foodstuffs for local consumption and cash crops to...
Manufacturing accounts for 27.4% of Sarawak’s economy and employs about 11.2% of the workforce. The sector is expected to grow 5% per annum until 2030. Endowed with forests and vast plantation resources that are at risk of being depleted in the long term, the state is aiming to transition its production base away from basic resources and commodities extraction into value-added manufacturing as...
Blessed with an abundance of hydro, coal and gas resources that one would be hard pressed to find elsewhere, Sarawak has a comparative advantage that is being leveraged to produce bulk power at competitive prices in order to attract capital-intensive investments in heavy industry. Already a net exporter of liquefied natural gas (LNG), new hydroelectric projects position the state with the...
One of the five regional economic corridors being developed throughout the country, the Sarawak Corridor of Renewable Energy (SCORE) is part of the federal government’s national agenda to propel the country into achieving high-income status by 2020. SCORE’s game plan for transitioning Sarawak into a high-income state is premised on transforming its economic base towards advanced industry by...
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