KUCHING, Oct 10: Proposed investments of up to RM1 billion by Thai and Japanese groups could strengthen Sarawak’s push to develop higher-value petrochemical production, potentially creating new requirements for technical expertise and industrial services.

Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the interest emerged from meetings with representatives of the two investor groups during his visit to Bangkok, Thailand, last month.

“These investors recognise Sarawak’s strengths in low-carbon energy and the state’s oil and gas resources, and they are very keen to invest up to RM1 billion to produce petrochemical products,” he said.

He said this at the parade held in conjunction with the celebration of the 80th birthday of the Sarawak Governor (TYT) Tun Pehin Sri Dr Wan Junaidi Tuanku Jaafar at Padang Merdeka here today.