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CM to launch ‘Inside Sarawak’ on Sept 27

August 16, 2011

NEW PUBLICATION: (from left to right) Inside Investor Country director Arantxa Beltran Del Toro, Taib and Saddique posing for a photo.

KUCHING: Chief Minister Pehin Sri Abdul Taib Mahmud will officially launch a special publication on Sarawak’s investment landscape — Inside Sarawak, a 64-page business report aimed at Middle East investors seeking investment opportunities in Malaysia’s largest state next month.

Taib will be joined for the Sept 27 launching ceremony here by leading state government officials as well as top executives from the private sector.

Published by an international media company, Inside Investor, the Sarawak report will feature in-depth overviews on key industries and reports on major economic and infrastructural developments inside the state. A whole section is dedicated to the Sarawak Corridor of Renewable Energy (SCORE) programme.

“Sarawak enjoys political stability and an economy that is growing at a healthy pace. These factors provide an ideal investment environment for Middle East investors looking for safe havens in which to put their money,” said Taib in a press release.

“Inside Sarawak is a comprehensive and informative report that I took a personal interest in and will inform investors in Middle East about the opportunities available in Sarawak and how they can go about doing business here.

“I would like to congratulate Inside Investor for its excellent, extensive and well-researched report and I am proud to launch this publication today,” added Taib.

Inside Sarawak also offers eye-opening interviews with top executives from domestic and foreign companies that have already invested in Sarawak as well as top government leaders, including Taib.

The publication will be distributed to the six Gulf Cooperation Council (GCC) countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. Investors will then be invited to attend a follow up investment forum here next year.

Inside Investor Asia Director, Imran Saddique, said the Sarawak investment report is different from similar publications because of its target audience.

“We are in an excellent position because we know investors from the Middle East who want to put their money into Sarawak,” said Mr Saddique.

“The problem is that not many know what Sarawak has to offer and this report will give them detailed information on the state’s investment landscape. We have tangible investors who can bring in foreign direct investments.”

Inside Investor also published Inside Malaysia 2011, (previously Invest Malaysia 2011), and played a key role in organising the Invest Malaysia Forum 2011 this year in UAE, which was attended by Prime Minister Dato Seri Najib Tun Razak, Chief Minister Taib and other government officials and business personalities.

SCORE is the state government’s flagship programme to boost investment and improve the economy as Sarawak works towards high-income status by 2020 in line with the ambition of the federal government.

Sarawak hopes to attract at least RM200 billion in private investments for SCORE over the next 20 years. So far, there is RM26.4 billion worth of approved investments in 13 projects, an indication that the government is on target in reaching its goal.

SCORE is the largest of Malaysia’s corridor projects and runs more than 350 kilometres across almost the breadth of Sarawak with key industrial zones located strategically along its path.

“In spite of the many teething problems of developing a large state-wide industrial complex from scratch, I must say that, as of now, the development of SCORE has come through its many challenges and should be sailing more smoothly from now on.

“To meet the growth of the state in next few years, Sarawak needs to have a clear and definite plan for the development of power so that we are clear of what we wish to achieve in the years ahead,” said Taib.

Taib said that attracting foreign investors is crucial to the success of SCORE, which will enrich the lives of urban dwellers as well as Sarawakians living in remote areas.

Inside Sarawak is, therefore, an important tool in which to inform and lure investors to the shores of East Malaysia.

“It is important that the people of Sarawak welcome investors from both the local community and from outside Sarawak to work with them so that growth and development can benefit all levels of society not only in the urban centres but also in secondary towns, rural centres and villages and longhouses,” said Taib.

For more information on Inside Sarawak and the launching ceremony, please call +603-2776 6840/6841 or email contact@investvine.com.

(Source: Borneo Post Online, 16 August 2011)