BY AWANG MUHAMMAD SYAHMI
FOREIGN direct investment (FDI) is expected to create about 3,800 job opportunities in the manufacturing sector.
Deputy Minister of International Trade, Industry, and Investment Datuk Malcolm Mussen Lamoh said a total investment of RM9.6 billion has been approved from 2022 until the first quarter of 2023.
“Some of the job opportunities expected to be created will be from the electric and electronic products such as solar ingot and wafer substrates for hard disk drives and basic metal products such as copper foils and metallic silicon.
“The figure that has been stated does not include investment from other sectors, such as primary and service sectors,” he said in his reply to Bukit Begunan assemblyman Datuk Mong Dagang during question time today.
He said the state and federal governments had implemented programmes to attract investments to Sarawak through several programmes and promotions, and stakeholder engagements both locally and abroad.
“In addition to the tax incentive provided by the federal government such as investment tax allowance and investment allowance the state government will also be providing some incentive such as competitive land premiums with flexible terms of payment, of up to five years, 30 percent rebate on the land premiums if projects are completed and operational within three years and we give competitive electricity and water rates for industrial use,” he said.
He also said Sarawak will act as a one-stop investment agency to promote investment and trade in Sarawak in line with the Post-Covid-19 Development Strategy (PCDS) 2030.
