Sarawak attracts interest from sovereign wealth funds and Russia

Sarawak is experiencing increased international interest from various global entities. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg stated that sovereign wealth funds from Canada and China are exploring investment opportunities within the state, citing Sarawak’s policies and human capital potential as primary drivers.

Additionally, the Premier noted interest from SoftBank Group. Regarding aerospace, the Russian ambassador has approached the state to discuss cooperation in rocket launches. The Premier suggested that Sarawak’s proximity to the equator and its available human resources could make it a suitable partner for satellite technology and rocket launch collaborations.

Separately, the Sarawak government is assessing a proposal to develop a 200-kilometre road network in the Baram region. The plan involves utilizing existing logging roads to improve connectivity between the Baram hinterland and the state’s 142-kilometre 3M2L major road project. The Premier emphasized that the project requires detailed planning to ensure proper connectivity and infrastructure support for remote communities.