Getting Arab countries to take interest in SCORE
SARAWAK WOOS MIDDLE EAST INVESTORS TO SCORE
KUCHING, Aug 15 (Bernama) — Political stability and healthy economy enjoyed by Sarawak are factors that provided an ideal investment environment for Middle East investors looking for safe havens to put their money, Chief Minister Tan Sri Abdul Taib Mahmud said today.
He said attracting foreign investors was crucial to the success of the Sarawak Corridor of Renewable Energy (SCORE), the state government’s flagship programme to boost investments and improve the economy, which would enrich the lives of urban dwellers as well as Sarawakians living in remote areas.
“In spite of the many teething problems of developing a large state-wide industrial complex from scratch, I must say that, as of now, the development of SCORE has come through its many challenges and should be sailing more smoothly from now on,” he said in a statement issued by publisher, Inside Investor ahead of the launch of a special publication on Sarawak”s investment landscape -“Inside Sarawak”.
The 64-page business report for Middle East investors seeking investment opportunities in Sarawak is expected to be launched by Taib on Sept 27 which will also be attended by leading government officials and top private sector executives.
Taib said he took a personal interest in “Inside Sarawak” as a comprehensive and well-researched report and would inform investors in the Middle East about the opportunities available in Sarawak and how they could go about doing business here.
“Sarawak hopes to attract at least RM200 billion in private investments for SCORE over the next 20 years,” he said, adding that RM26.4 billion worth of approved investments in 13 projects so far meant the government was on target to reach its goal.
Meanwhile, Inside Investor Asia director, Imran Saddique, said the publication would be distributed to the six Gulf Cooperation Council (GCC) countries –- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
Investors will then be invited to attend a follow-up investment forum in Kuching in the spring of 2012.
Apart from the SCORE programme, the Sarawak report will feature in-depth overviews on key industries and reports on major economic and infrastructure developments in the state.
BERNAMA (August 15, 2011, Monday)
Will the countries of the Gulf Cooperation Council (GCC) be interested in Sarawak?
With SCORE in mind, it looks certain that we’ll be looking at entertaining more Arab friends in the near future.
These oil-rich countries are always scouring the globe for places to invest in, and the lure of SCORE may just be too enticing for at least one of these countries.
In the meantime, maybe it’s time for us to brush up on our Arabic, especially all of you living in the SCORE areas.
Posted on August 18, 2011, in Media Reports, SCORE and tagged BERNAMA, GCC, investment, News, Sarawak, Sarawak Chief Minister, Sarawak Corridor of Renewable Energy, SCORE. Bookmark the permalink. Leave a comment.