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KUCHING, Feb 12 – Sarawak’s economy is set for exciting growth, thanks to key acquisitions and major infrastructure plans unveiled by Premier Datuk Patinggi Tan Sri (Dr) Abang Abdul Rahman Zohari Tun Datuk Abang Openg. With stable governance and smart strategies, Sarawak is building a stronger future.
Speaking at the Chinese New Year dinner hosted by the Federation of Chinese Associations Kuching, Samarahan & Serian Division at Imperial Hotel Kuching, the Premier reaffirmed his administration’s focus on economic progress.
“We are fortunate to have a stable government. This allows us to focus on serving the people and driving economic development,” he said.
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RM14.2 Billion in Revenue
Sarawak’s revenue for 2024 reached an impressive RM14.2 billion, doubling since the Premier took office. Confident about the future, he attributed the success to strategic acquisitions and new projects.
Among the key milestones is Sarawak’s acquisition of Bintulu Port, one of Malaysia’s richest ports. This move gives the state greater control over its key assets.
Sarawak also made history by becoming the first state in Malaysia to acquire a 31.25% stake in Affin Bank, allowing financial decisions to be made within Sarawak. The bank’s regional headquarters in Kuching will speed up loan approvals for local businesses, especially SMEs.
Air Borneo Takes Off
Another exciting development is the launch of Air Borneo, a regional airline aimed at strengthening connectivity within Sarawak, Sabah, and nearby regions.
“Air Borneo will be our bridge, just like building a road or a port. Its success will be measured by its economic impact, not just profits,” the Premier said.
Air Borneo plans to expand its routes to Singapore, Jakarta, Bali, Hong Kong, and Shenzhen, boosting Sarawak’s role as a regional hub.
Infrastructure Projects on the Horizon
Sarawak is also investing in major infrastructure projects, including a deep-sea port and a new international airport. These projects will enhance Kuching’s connectivity and create new jobs.
“We want to build a complete value chain, with the deep-sea port and the airport supporting our economy and regional trade,” he added.
These initiatives will inject significant funds into the local economy, create jobs, and boost Sarawak’s position in tourism and trade. With these bold moves, Sarawak is clearly on the path to becoming a regional powerhouse.