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Sarawak to develop Kuching High-Tech Park as investor demand grows, says Premier

Sarawak to develop Kuching High-Tech Park as investor demand grows, says Premier

12 Oct 2023

Sarawak plans to develop the Kuching High-Tech Park to meet growing demand from investors and attract more foreign direct investment (FDI) in the electrical and electronics sectors, says Tan Sri Abang Johari Tun Openg.

The Premier said the park would be developed in phases by the state International Trade, Industry and Investment Ministry on a 738ha area in the Kuching and Samarahan divisions.

“The project is expected to be fully completed by 2030, creating more business and employment opportunities for locals,” he said when opening Taiyo Yuden (Sarawak) Sdn Bhd’s new factory at Sama Jaya High-Tech Park here on Thursday (Oct 12).

Abang Johari said the state government would continue with its business-friendly policies to attract more investments, especially in high-tech and green industries.

Citing the success of Sama Jaya in attracting investments worth over RM14bil, he said this augured well for the state’s industrialisation agenda to become a high-income economy by 2030.

In addition, he said Sama Jaya had created 15,000 employment opportunities, of which 98% were filled by locals.

“Last year alone, Sama Jaya generated a total of RM758mil in wages for workers, which ultimately flows back into our local economy.

“In the same year, the export value generated from Sama Jaya was RM8.9bil,” he said.

On Taiyo Yuden, Abang Johari said the Japanese company had invested more than RM3bil in its Sarawak operations and was currently the largest employer in Sama Jaya with 4,800 personnel.

He said the new factory, which commences operations this month, was an environmentally-friendly plant contributing to the reduction of greenhouse gases through energy conservation.

It will also create energy by introducing solar power generation on its roof.

Source: The Star