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KUCHING, Feb 26 (Bernama) -- Sarawak’s economy is expected to grow between five and six per cent this year, according to state Deputy Premier Datuk Amar Awang Tengah Ali Hasan.
Awang Tengah, who is also Sarawak’s Minister of International Trade, Industry, and Investment, said that the state’s economic growth is driven by strong external demand and increased domestic activities, positioning it as a leading investment destination in Malaysia.
“From 2020 to 2024, Sarawak has demonstrated robust investment performance, with total investments amounting to RM120.3 billion, covering various sectors, including primary industries, services, and manufacturing.
“Of this total, RM51.2 billion came from foreign direct investments (FDI), while RM69.1 billion was from domestic direct investments (DDI),” he said at the Sarawak Ministry of International Trade, Industry, and Investment’s 2025 New Year Mandate ceremony here today.
Awang Tengah also highlighted that international trade has consistently recorded a positive trade balance from 2004 to 2023.
“In 2004, the trade balance was recorded at RM23.5 billion. By 2023, the trade balance had surged to (a surplus of) RM68.2 billion,” he said.
Awang Tengah added that Sarawak’s key trading partners include Japan, China, South Korea, and India.
-- BERNAMA
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