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The heart of Sarawak\u2019s strategy lies in smart industrial diversification:<\/p>\n\n\n\n
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- 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
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- 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
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- 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","protected":false},"excerpt":{"rendered":"
Anchored by the people-centric 2026 Sarawak Budget, the vision charts a transformative path from a resource-based economy to a dynamic, high-tech, and sustainable powerhouse.<\/p>\n","protected":false},"author":953,"featured_media":26934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,4176],"tags":[3729,922,1954,4292],"class_list":["post-28590","post","type-post","status-publish","format-standard","has-post-thumbnail","category-from-rakan-sarawak","category-news","tag-industry","tag-investment","tag-sarawak","tag-trade"],"_links":{"self":[{"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/posts\/28590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/users\/953"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/comments?post=28590"}],"version-history":[{"count":1,"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/posts\/28590\/revisions"}],"predecessor-version":[{"id":28591,"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/posts\/28590\/revisions\/28591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/media\/26934"}],"wp:attachment":[{"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/media?parent=28590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/categories?post=28590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rakansarawak.com\/wp-json\/wp\/v2\/tags?post=28590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- 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
- 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