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Borneo, Kuching, Sarawak, Sarawak Corridor of Renewable Energy (SCORE), Sarawak Economy

China business group keen to invest in Sarawak

A BUSINESS group from China’s Qinghai Province is interested to invest in Sarawak.

Assistant Minister of Industrial Development (Investment and Promotion) Julaihi Narawi said the group is looking to invest in the State’s energy, food and agriculture industries.

The China Council for the Promotion of International Trade Qinghai Provincial Committee revealed its intentions during a recent meeting.

Qinghai Vice-Governor Wang Lingjun led the 18-member group — comprised of representatives from the various industries based in the province.

The province has a huge population of 5.6 million — a substantial number of whom are Muslims, great news for the Tanjung Manis Halal Hub.

“They also have a well-developed halal hub and this offers other opportunities for us to market our halal products to the north-west part of China,” the Assistant Minister is quoted as saying.

Well if it all works out, the Qinghai investors will be among a growing number from the People’s Republic of China investing in our State.

They join other foreign investors from Japan, South Korea, Singapore, the Middle East and more who are seeking to put serious money in Sarawak.

No wonder Sarawak had the most investments compared to other states last year.

Do you think that investors would even look at Sarawak if our State did not have political stability and good governance?

Here are some other reasons investors choose Sarawak:

  • Prudent Financial Management
  • Rapid Economic Growth
  • Business Friendly Government
  • Good Delivery System
  • Modern Infrastructure and Excellent Facilities
  • Bountiful Natural Resources
  • Young and Trainable Workforce
  • Generous Incentives for Investment

The report from Bernama:

Qinghai business group keen to invest in S’wak

Kuching: A business group from China’s Qinghai Province is interested to invest in Sarawak’s energy, food and agriculture industries, said State Assistant Minister of Industrial Development (Investment and Promotion), Julaihi Narawi.

He said the group represented the China Council for the Promotion of International Trade Qinghai Provincial Committee and revealed its intentions at a meeting here Thursday.

The 18-member group, led by Qinghai’s Vice-Governor, Wang Lingjun, comprised representatives from the various industries based in the province.

“An the meeting, they had told us their interests in the fields of solar energy, wind energy, agriculture and food processing,” Julaihi told a media briefing here Thursday.

He said Qinghai, which has a huge population of 5.6 million people with a substantial number of them being Muslims, offered great potential for Sarawak to market its products.

“They also has a well-developed halal hub and this offers another opportunities for us to market our halal products to the north-west part of China,” he said. – Bernama

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