Sarawak Calls for Federal Incentives to Boost Hydrogen and Semiconductor Investments
The Sarawak government is urging the federal administration to enhance investment incentives for hydrogen and semiconductor sectors. This initiative aims to position Malaysia as a leader in the ASEAN green economy, driving long-term economic growth and tax revenue.
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Sarawak's Premier, Datuk Patinggi Tan Sri Abang Johari Tun Openg, has requested the federal government to improve investment incentives for the hydrogen and semiconductor industries. He believes that modernizing these fiscal frameworks will attract high-value investments, contributing to Malaysia's transition towards a green economy.
Bintulu has been recognized by the World Economic Forum as one of only 30 global Transitional Industrial Clusters, highlighting Sarawak's potential in advanced manufacturing. The acquisition of Bintulu Port for RM1.8 billion reflects strong federal-state collaboration. Enhanced incentives could bolster Sarawak's position as a green energy hub in ASEAN, fostering economic stability and growth.
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