High income state: Hard work needed to meet growth target - Abang Jo 

03/03/2022 08:32 AM

KUCHING, March 3 -- Sarawak’s path towards becoming a high-income state by 2030 will not be an easy task as it needs hard work from everyone, said the Premier of Sarawak Tan Sri Abang Johari Tun Openg.

He said to achieve the target, Sarawak will have to double the size of its economy from RM136 billion in 2019 to RM282 billion in 2030.

“This means, Sarawak’s economy needs to grow on an average of 6 to 8 percent per annum and its economic sector will have to focus on diversifying revenue streams, improving work efficiency and enhancing productivity.

“This is an enormous increase (in task), it is not easy, but it needs hard work from everybody in the government, the business community and the society at large,” he said in his speech at the Sarawak Energy Vendor Awards 2021 ceremony here, last night.

Abang Johari said under the state Post-COVID-19 Development Strategy 2030 (PCDS 2030), the state government has identified key economic sectors and enablers to transform Sarawak’s economic landscape.

He said under the plan, Sarawak will also emphasise diversifying its economy, with a special focus on modernising agriculture, strengthening infrastructure, advancing tourism and accelerating human capital development.

“This will open many opportunities for productive economic activities in both the rural and urban areas, providing greater job and business opportunities to all, including small medium enterprises.

“By participating in these opportunities, you will be able to benefit and contribute back to local economic growth, supporting Sarawak in its ambition to reach high income status by 2030,” he added.