KUCHING, Nov 10: Sarawak is looking to combine State government resources and private-sector financing to fund major infrastructure and development projects as it seeks to maximise available funding for economic expansion.
Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the approach would enable the State government to leverage its revenue and bond issuance while tapping private-sector financing and expertise to implement development projects.
The financing approach comes as Sarawak seeks to strengthen its industrial transition and ensure local industries meet increasingly stringent international sustainability requirements. As highlighted by British High Commissioner to Malaysia Ajay Sharma, the UK is prepared to facilitate partnerships by combining its expertise in green finance, technology and engineering with Sarawak’s potential in clean energy and industrial development.
