KUCHING – The Japan Bank for International Cooperation (JBIC) has identified Sarawak as a region with significant potential for foreign investment, particularly in the fields of renewable energy and advanced manufacturing.
The announcement followed a meeting between JBIC Executive Managing Director Shigeto Hashiyama and Sarawak Premier Datuk Patinggi Tan Sri Abang Abdul Rahman Zohari Tun Openg in Kuching.
Hashiyama stated that the discussion centered on fostering mutually beneficial economic cooperation.
He indicated that JBIC is evaluating several major projects in the state, including ventures related to semiconductor fabrication, the chemical industry, and green technologies like hydrogen production and carbon capture, utilization, and storage (CCUS).
The bank’s objective is to facilitate the establishment of sustainable Japanese industrial projects within Sarawak.
This collaborative approach, Hashiyama noted, is designed to not only spur economic growth and development in Sarawak but also to add value to the Japanese economy by securing sustainable resources and production capabilities.
The meeting underscores a growing international interest in Sarawak’s ambitious green energy agenda, which aims to position the state as a hub for renewable power and related high-tech industries.
