{"id":28590,"date":"2026-01-15T01:01:00","date_gmt":"2026-01-14T17:01:00","guid":{"rendered":"https:\/\/www.rakansarawak.com\/v3\/?p=28590"},"modified":"2026-01-13T08:17:21","modified_gmt":"2026-01-13T00:17:21","slug":"a-foundation-of-resilience-and-growth","status":"publish","type":"post","link":"https:\/\/www2.rakansarawak.com\/?p=28590","title":{"rendered":"A Foundation of Resilience and Growth"},"content":{"rendered":"\n

Despite global headwinds, Sarawak\u2019s economy has demonstrated remarkable resilience.<\/p>\n\n\n\n

With GDP growing from RM131.6 billion in 2021 to RM148.2 billion in 2024, the state has not only recovered but is building momentum.<\/p>\n\n\n\n

This growth is fuelled by strategic investments, with the manufacturing sector, particularly in electrical and electronics (E&E), becoming a primary magnet for both domestic and foreign capital.<\/p>\n\n\n\n

These investments are more than financial figures; they are potent engines for high-quality job creation and community development.<\/p>\n\n\n\n

Strategic Industrial Transformation<\/strong><\/p>\n\n\n

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The KETEQ.AI nano chip, developed by Sarawakian innovators, the world\u2019s first artificial intelligence (AI)-powered power conversion device<\/figcaption><\/figure>\n<\/div>\n\n\n

The heart of Sarawak\u2019s strategy lies in smart industrial diversification:<\/p>\n\n\n\n

    \n
  • Semiconductor and E&E Leadership: Sarawak is decisively moving to establish itself as a competitive regional hub for high-value electrical and electronic manufacturing, with a sharp focus on the semiconductor ecosystem.<\/li>\n<\/ul>\n\n\n\n

    This ambition is supported by proactive policies fostering innovation, strategic global partnerships, and crucial links between industry and academia.<\/p>\n\n\n\n

    The goal is clear: to move up the value chain into advanced manufacturing and design.<\/p>\n\n\n\n

      \n
    • Energy as a Strategic Advantage: Sarawak\u2019s renewable energy resources, particularly hydropower, are being leveraged as a unique competitive edge.<\/li>\n<\/ul>\n\n\n\n

      The state\u2019s low-carbon energy corridor is a powerful tool to attract energy-intensive, high-value industries, enabling a just transition while supporting its carbon-neutrality goals.<\/p>\n\n\n\n

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      • Modernising Traditional Sectors: The oil and gas and shipbuilding sectors are being revitalised. With increasing state control over petroleum resources, there is a push towards downstream petrochemical diversification.<\/li>\n<\/ul>\n\n\n\n

        Concurrently, the shipbuilding industry, which holds a significant share of Malaysia’s capacity, is evolving in tandem with the energy sector’s needs.<\/p>\n\n\n\n

        Empowering the Backbone: MSMEs<\/strong><\/p>\n\n\n\n

        Recognising that Micro, Small and Medium Enterprises (MSMEs) constitute over 96% of local businesses, the government has placed their development at the core of inclusive growth. A multi-pronged approach is in place:<\/p>\n\n\n\n

          \n
        • Capacity Building: Extensive training programs enhance entrepreneurial skills and digital literacy.<\/li>\n\n\n\n
        • Financial & Market Access: Targeted grants and financing schemes, alongside facilitated participation in international expos, help local businesses scale and globalise.<\/li>\n\n\n\n
        • Formalisation: Initiatives like the REGISTA program bring informal businesses into the formal economy, granting them access to broader support systems.<\/li>\n<\/ul>\n\n\n\n

          Economic ambition is being matched with enabling infrastructure. Development under the Post COVID-19 Development Strategy 2030 (PCDS 2030) framework includes advanced industrial parks and specialised ecosystems like the Sarawak Bioindustrial Park.<\/p>\n\n\n\n

          These facilities are designed to foster innovation, collaboration, and cluster-based growth in targeted future industries.<\/p>\n\n\n\n

          A Unified March Forward<\/strong><\/p>\n\n\n\n

          Success hinges on effective public-private partnerships and collaboration across all stakeholders, from government agencies and global corporations to local entrepreneurs and academic institutions.<\/p>\n\n\n\n

          This aligned effort is essential to building the skilled workforce and innovative culture required for a high-income economy.<\/p>\n\n\n\n

          Sarawak\u2019s economic strategy presents a compelling model of balanced development.<\/p>\n\n\n\n

          It seamlessly integrates bold, forward-looking initiatives in advanced technology and green energy with a deep commitment to uplifting local communities and enterprises.<\/p>\n\n\n\n

          By empowering its people, leveraging its unique advantages, and steadfastly pursuing a low-carbon economy, Sarawak is not merely adapting to global trends but is positioning itself as a competitive and responsible leader in the regional economic landscape.<\/p>\n\n\n\n

          The journey outlined is one toward sustainable, inclusive, and resilient prosperity for all Sarawakians.<\/p>\n\n\n\n

          Reference<\/strong><\/p>\n\n\n\n

          Winding up Speech at 19th<\/sup> DUN Sarawak Sitting, 24 Nov 2025 \u2013 3 December 2025, YB Datuk Dr Malcolm Mussen Anak Lamoh, Deputy Minister of International Trade, Industry and Investment<\/p>\n

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