KUCHING, Sept 7 — Sarawak needs to be selective in welcoming the right investors to avoid the state from becoming a “dumping ground” for unwanted industries, said Sarawak Economic Development Corporation chairman Tan Sri Abdul Aziz Hussain.
“I want to caution here. Actually, there are a lot of people who want to come to Sarawak and take advantage of what we have — cheap lands, cheap power, cheap labour. Because of that, I think we need to be choosy in terms of selecting the right investors to come in,” he said. Meanwhile, Sarawak Regional Corridor Development Authority chief executive officer Datuk Ismawi Ismuni told the session that about RM71.1 billion of approved public and private investments had been received for the Sarawak Corridor of Renewable Energy since its establishment in 2008.
“The Upper Rajang Development Agency , Highland Development Agency and Northern Region Development Agency because these areas have their own potentials and need different approaches to bring in investments,” he said.
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