Key Takeaways
- • Sarawak Premier Abang Johari Tun Openg said a Canadian sovereign wealth fund and its Chinese counterpart have expressed interest in investing in Sarawak, according to DayakDaily.
- • The premier said the investors were drawn by Sarawak's policies and its human capital potential; he did not disclose investment amounts, sectors, or timelines.
- • Abang Johari said SoftBank Group has also shown interest in Sarawak, without elaborating on the nature of any proposed investment or collaboration.
- • Russia's ambassador approached Sarawak about cooperation on rocket launches, citing the state's near-equator location and human resources as advantages.
Summary
Sarawak is drawing growing international attention from sovereign investors and technology firms, according to remarks Chief Minister Abang Johari Tun Openg made in Miri on November 7. Speaking at the opening of the FORUM Cultural Centre, which was streamed live by the state's Public Communication Unit (UKAS), he said he had recently met an Italian businessman representing a Canadian sovereign wealth fund. That fund, he said, and its Chinese counterpart are both exploring investment opportunities in the state.
Abang Johari said the investors cited Sarawak's policies and its human capital potential as reasons for their interest. He quoted them as saying they had "heard a lot about Sarawak, our policies, and believed we had promising human capital." The premier did not provide details on the size, sector, or structure of any proposed investment.
He also said SoftBank Group had shown interest in the state, but gave no further detail on the nature of any investment or collaboration. He added that international visitors now arrive in Sarawak almost every month, including Russian representatives.
On Russia, Abang Johari said the country's ambassador had approached the state about cooperating on rocket launches. He said he instead discussed satellite technology with the Russian representative, who expressed interest in bringing Sarawak in as a partner to launch Russia's own rockets. He cited the state's proximity to the equator and its available human resources as factors that could make it a suitable partner. No agreement or timeline was reported.
Abang Johari said the investors cited Sarawak's policies and its human capital potential as reasons for their interest. He quoted them as saying they had "heard a lot about Sarawak, our policies, and believed we had promising human capital." The premier did not provide details on the size, sector, or structure of any proposed investment.
He also said SoftBank Group had shown interest in the state, but gave no further detail on the nature of any investment or collaboration. He added that international visitors now arrive in Sarawak almost every month, including Russian representatives.
On Russia, Abang Johari said the country's ambassador had approached the state about cooperating on rocket launches. He said he instead discussed satellite technology with the Russian representative, who expressed interest in bringing Sarawak in as a partner to launch Russia's own rockets. He cited the state's proximity to the equator and its available human resources as factors that could make it a suitable partner. No agreement or timeline was reported.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.