Sarawak commits RM1.5 billion to develop Sibu Economic Zone

SIBU — The Sarawak government has committed RM1.5 billion in initial funding to develop an economic zone in Sibu, according to the state's deputy premier. The allocation represents a substantial investment aimed at enhancing the commercial and industrial capacity of the division, which serves as a major commercial hub in the state.

The agreement in principle signals the government's intent to proceed with the project, though formal approval and implementation timelines are expected to be confirmed in subsequent phases. The economic zone is envisioned as a catalyst for business growth and employment opportunities in the region.

Sibu, strategically located on the Rajang River, has long served as a critical logistics and trading center for Sarawak. The development of a dedicated economic zone is intended to consolidate and expand this role, attracting both domestic and international investment.

The initiative aligns with Sarawak's broader economic development strategy and reflects efforts to diversify revenue streams beyond traditional sectors. State officials are expected to release further details regarding the zone's infrastructure, target industries, and implementation schedule in the coming months.