PETALING JAYA: Sarawak appears to be in a transition to become an economic powerhouse of Malaysia, underpinned by increased infrastructure projects in the state.
This is in light of the higher development expenditure allocated for the state, not just at the federal level, but also the state level, which RHB Research said, will result in catalytic infrastructure enhancement taking place.
“This is further backed by the state’s Post Covid-19 Development Strategy 2030, which aims to reach gross domestic product of RM282bil by 2030 versus the estimated RM146bil for 2023, based on the projection by Sarawak’s Economic Planning Unit,” the research house wrote in a report yesterday.
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