Malaysia: Sarawak to establish Sibu economic zone with RM1.5BN allocation

“Sarawak will establish the Sibu Economic Zone (SEZ) with an allocation of RM1.5 billion to coordinate Sibu’s economic development in a more comprehensive and integrated manner, said Sarawak Premier Tan Sri Abang Johari Tun Openg.”

“Abang Johari said the proposed SEZ aimed to coordinate Sibu’s economic development more systematically by focusing on attracting investment, strengthening the service sector, and creating more high-value job opportunities.”

“He also said the Second Trunk Road project, scheduled for completion in 2029, is expected to be a catalyst for Sibu’s development, as it would shorten travel time between Kuching and Sibu to about two hours.”

“Abang Johari said the establishment of the SEZ would also complement the implementation of the Sibu redevelopment master plan, which is scheduled to be carried out in stages over 15-20 years.”

https://theedgemalaysia.com/node/810300

Scroll to Top