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Sarawak Showcasing Score In UK To Woo British Investors

News From : DagangHalal.com (23 Jul 2010)

LONDON, July 23 (Bernama) — The Sarawak state government is making efforts to showcase the Sarawak Corridor of Renewable Energy (SCORE) as an investor- friendly destination in the United Kingdom (UK) to woo investors.

As of May, SCORE has attracted investments totalling RM87.61 billion across sectors, making it one of the most enviable investment destinations in the country since its launch in 2006.

The corridor is located within the Central Region of Sarawak, stretching 320km along the coast from Tanjung Manis to Samalaju. It covers 70,000 sq km with a population of 607, 800 people.

The Tanjung Manis Halal Park is the first one-stop Halal Park in East Malaysia for upstream and downstream halal food and manufacturing activities under the corridor.

A high-level trade delegation of the state government led by Sarawak Chief Minister Tan Sri Abdul Taib Mahmud will attend several major events in the UK.

Taib will be accompanied by Special Advisor in the Chief Minister’s Office Tan Sri Adenan Satem, Tanjung Manis Halal Hub Development Executive Chairman Datuk Norah Tun Abd Rahman, State Financial Secretary Datuk Seri Ahmad Tarmizi Sulaiman, State Economic Planning Unit Director Datu Ismawi Ismuni and Regional Economic Development Authority Director Datuk Amar Wilson Baya Dandot.

Meanwhile, at the Sarawak Investment Symposium on Thursday, Ismawi gave a presentation on strategic investment opportunities in Sarawak in oil-based industries, aluminium, metal, glass, tourism, palm oil, timber-based, steel, nickel and zinc, livestock, fishing and aquaculture and marine engineering industries.

“We received a lot of enquiries during business matching not just for halal hub but also on SCORE, a lot of participants plan to look into renewable energy and oil and gas,” he told Bernama in an interview.

Ismawi said investors in strategic industries would enjoy attractive financial incentives offered by the Federal Government through the Malaysian Investment Development Authority (MIDA) like pioneer status, investment tax allowance and reinvestment allowance.

“We now have some serious marketing to do in UK to create awareness on the halal industry,” said Norah.

She said Tanjung Manis would continue to work closely with MIDA and Malaysia External Trade Development Corporation (Matrade) to promote the industry further.

Developments within the corridor would not only generate vast economic, business and employment opportunities but also lead to opgrading of infrastructures, utilities and social amenities, she said.

The symposium was supported by the Malaysian High Commission in London, the Commonwealth Business Council and the Muslim Council of Britain.


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