Sarawak’s reputation as a leading destination for international investment continues to grow, with two Japanese firms committing a combined investment of US$1.5 billion (approximately RM6.38 billion) in the region’s high-technology and chemical industries.
According to a report by TV Sarawak (TVS), Sarawak Deputy Premier and Minister of International Trade, Industry and Investment, Datuk Amar Awang Tengah Ali Hasan, is currently in Osaka, Japan, where detailed discussions are underway regarding these strategic investments.
One of the projects will see the construction of a semiconductor-grade polycrystalline silicon production facility, to be developed by Japan’s Tokuyama Corporation in partnership with South Korea’s OCI Company Ltd. The initiative represents an estimated investment of US$435 million and is expected to significantly enhance Sarawak’s global standing in high-performance semiconductor manufacturing.
“The project has the potential to position Sarawak among the top five global hubs for advanced semiconductor production technology,” stated the Sarawak Ministry of International Trade, Industry and Investment.
In parallel, a consortium of Japanese companies is preparing to invest an estimated US$1 billion in Sarawak’s chemical sector. Feasibility studies and site assessments are currently in progress, with the Sarawak government committed to accelerating the approval process to facilitate swift decision-making.
These investments are closely aligned with Sarawak’s Post-COVID-19 Development Strategy 2030, which focuses on driving economic growth, promoting social inclusivity, and ensuring environmental sustainability.
“The Sarawak government is unwavering in its support for high-impact investment projects of this nature. We provide a stable, competitive business environment underpinned by modern infrastructure and a highly skilled workforce,” said Awang Tengah.
He affirmed the government’s full commitment to ensuring the successful execution of both projects.
-Bernama
