KUALA LUMPUR, July 21 (Bernama) — UOB Malaysia is set to facilitate more foreign direct investments (FDI) into Sarawak as international companies look for opportunities in the state’s high-value sectors.
The Bank expects more multinational corporates, especially those from the manufacturing, trade, technology, food and agriculture industries, to invest in Sarawak’s renewable energy, digital technology, ecotourism and agrotechnology sectors. These companies, mainly Greater China, Korea, Japan and Singapore-based multinational corporates, are keen to tap into Sarawak’s cost-effective manufacturing and renewable energy infrastructure as part of their expansion in Southeast Asia.
