State strategy draws EU investment interest

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Fadillah, when talking with the media.

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BY SHARIFAH NONG-JASIMA

KUCHING: Following a thorough five-day brainstorming session, the European Union (EU) has shown keen interest in investing in Sarawak.

Deputy Prime Minister Datuk Seri Fadillah Yusof relayed this interest after meetings with EU representatives, who also paid courtesy visits to the Head of State Tun Dr Wan Junaidi Tuanku Jaafar, Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg, and himself.

“The EU sees great potential and is interested in investing in Sarawak, given the opportunity for collaboration in areas aligned with the Post-COVID-19 Development Strategy (PCDS) 2030,” he told reporters after a grant presentation ceremony for the Village Development and Security Committee (JKKK) in the Petra Jaya Parliamentary Constituency at Dewan Malaysia Jaya yesterday (Feb 17).

Fadillah further highlighted the importance of the Malaysian Sustainable Palm Oil (MSPO) gaining recognition from the EU to support the livelihood of small-scale palm oil farmers.

“I hope that this good news will be announced before their Hydrogen Conference in June,” he added.

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Additionally, he touched on the ongoing audit of the European Union Deforestation Regulations (EUDR), aimed at ensuring that production processes align with Sustainable Development requirements.

Meanwhile, the grant presentation ceremony saw Fadillah distributing RM3,000 to each of the 85 JKKKs in the constituency, totalling RM255,000 in support of local development and security initiatives.

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