KUCHING, Oct 21 2026: The Ministry of International Trade, Industry and Investment has completed a comprehensive Sarawak Investment Policy Study that provides a strategic framework to attract high-value investments, diversify the industrial base, strengthen local participation and create skilled employment.
Its minister Awang Tengah Ali Hasan said the study identifies four priority growth clusters, with a projected investment potential of RM275 billion to RM330 billion and 254,000 jobs by 2030.
"The first two clusters are Clean Energy Industries, leveraging renewable energy to develop green manufacturing, and Petrochemicals, expanding downstream gas, petrochemical and oleochemical industries, including sustainable aviation fuel and carbon capture activities," Awang Tengah, who is also the deputy premier, said in his winding up speech in the State Legislative Assembly (SLA) today.
He said the other two clusters are Advanced Industries, covering semiconductors, electronics, medical technology, pharmaceuticals, aerospace, bioindustries, AI data centres and high-value food manufacturing; and Tourism and Services, focusing on ecotourism, business events, higher education, medical and digital services.
Awang Tengah said to connect local businesses with these opportunities, the state government ise building commercial linkages through the Sarawak Global Supply Chain and Sourcing Programme 2026 in Kuching and engagements in Shanghai, Seoul, London and Munich.
"We will continue to intensify these efforts to expand market access, build business partnerships and strengthen the competitiveness of local businesses, next year," he said.
He added the emphasis is on practical outcomes: stronger supplier relationships, technology partnerships and access to regional and global supply chains.
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