Japan Bank for International Cooperation Sees Potential for Foreign Direct Investment in Sarawak

The Japan Bank for International Cooperation (JBIC) has expressed interest in investing in Sarawak, particularly in the green energy and manufacturing sectors. JBIC Executive Managing Director, Shigeto Hashiyama, met with Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg to discuss cooperation and investment opportunities that could benefit both Japan and Sarawak. Hashiyama stated that their goal is to promote joint ventures and related Japanese industrial projects, which will contribute to Sarawak's economic growth and add value to Japan's economy.

Key Takeaways:

• JBIC sees great potential for foreign direct investment in Sarawak, particularly in green energy and manufacturing sectors.
• The main focus of JBIC's investment is on several key sectors related to manufacturing and energy, including semiconductors, chemical industries, hydrogen, CCUS technologies, and power generation.
• Premier Abang Johari emphasized the state's potential in developing green energy and sustainable manufacturing.
• JBIC will convey this message to Japanese investors considering investment opportunities in Sarawak.
• The investment is aimed at promoting joint ventures and related Japanese industrial projects to contribute to Sarawak's economic growth and value to Japan's economy.
• The collaboration is a bilateral contribution that benefits both sides, with Premier Abang Johari stating that it is a two-way street.
• Hashiyama met with Premier Abang Johari at the Satria Pertiwi Complex to discuss cooperation and investment opportunities.

Statistics:

• No specific statistics are mentioned in the article.

Sources:

• JBIC Executive Managing Director Shigeto Hashiyama
• Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg
• The Satria Pertiwi Complex