KUCHING: Sarawak continues to strengthen its appeal as an international investment destination, with two major Japanese companies planning to invest a total of US$1.5 billion in the high-tech and chemical industries in the state.
According to a report by TV Sarawak (TVS) today, Sarawak Deputy Premier and Minister of International Trade, Industry, and Investment, Datuk Amar Awang Tengah Ali Hasan, is currently in Osaka, Japan, to discuss the investment details.
One of the proposed investments involves the construction of a semiconductor-grade polysilicon production facility by Tokuyama Corporation of Japan, in collaboration with OCI Company Ltd. from South Korea. The project is estimated to be worth approximately US$435 million.
“This project has the potential to position Sarawak among the world’s top five locations in high-performance semiconductor production technology,” the report quoted a statement from the Ministry of International Trade, Industry and Investment Sarawak (MINTRED).
The other planned investment involves a Japanese consortium in the chemical sector, with an estimated value of US$1 billion.
Feasibility studies and site assessments have already begun, and the Sarawak government has committed to expediting approval processes to ensure a timely investment decision.
Both investments align with Sarawak’s Post COVID-19 Development Strategy 2030 (PCDS 2030), which emphasizes economic prosperity, social inclusiveness, and environmental sustainability.
“The Sarawak government is always committed to supporting the implementation of high-impact investment projects such as these. We offer a stable and competitive business environment, equipped with modern infrastructure and a highly skilled workforce,” said Awang Tengah.
He affirmed that the state government will provide full support to ensure the smooth execution and success of these investments.
— BERNAMA
