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The
global economic environment is expected to remain robust
and dynamic right up to the next decade, with both the
industrial and developing countries expected to maintain
sustainable output growth. Global trade is expected
to expand by about 8 percent. This continued favourable
external outlook should keep the high growth momentum
of Malaysia's economy at a steady and stable level.
Sarawak, which is the largest of the 13 States within
the Federation of Malaysia, aims to be fully developed
state along with the rest of the country by 2020. Sarawak
has identified for sectors as key sources of growth.
These are the manufacturing, commercial agriculture,
construction and services sectors.
The
availability of vast competitively priced land and rich
reserves of natural resources has made Sarawak an attractive
choice for manufacturing operations among investors.
As the Sarawak government pursues its economic diversification
policy, it has made available attractive incentives
to all investors in the State. This range of special
incentives is in addition to those that have been made
available by the Malaysian Government to foreign investors.
To ensure supply of competent, productive and skilled
workforce to meet the needs of industries in the State,
the Ministry of Industrial Development, Sarawak is working
closely with education institutions in the country.
As
the experience of those who have made a wise choice
in siting their operations here in Sarawak have shown,
Sarawak's distinct advantages made it an excellent choice
for foreign investors who are keen to tap the lucrative
investment opportunities in the Asia-Pacific region.
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