Economists back creation of special economic zones in Sarawak

Free Malaysia Today

Madeline Berma says the formation of SEZs in Sarawak can enhance subregional cooperation between Sarawak, Brunei and Kalimantan.  Read More: https://www.freemalaysiatoday.com/category/nation/2024/07/06/economists-back-creation-of-special-economic-zones-in-sarawak/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/07/06/pakar-ekonomi-sokong-bangun-sez-di-sarawak/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #Sarawak #SEZ #Brunei #Kalimantan #FDI

Transcript

00:00Economists say the establishment of special economic zones in Sarawak will significantly

00:08boost sub-regional cooperation and attract substantial foreign investment.

00:13Although the government recently announced it had no immediate plans for SEZs along Sarawak's

00:18borders with Brunei and Kalimantan, Economy Minister Rafizieh Ramli said the idea is still

00:23under consideration.

00:25Madeleine Burma, an honorary professor at University Malaysia Sarawak, said SEZs could

00:31attract foreign direct investment linked to global value chains and enhance cooperation

00:36between Sarawak, Brunei and Kalimantan.

00:40Burma said SEZs should be strategically located near trade routes or borders and supported

00:46by robust infrastructure facilitating activities such as export processing, industrial engineering

00:53and logistics.

00:54Meanwhile, Socio-Economic Research Centre Executive Director Lee Heng Gui said SEZs

01:00could leverage Sarawak's economic potential and strategic location, particularly its proximity

01:06to Indonesia's new capital, Nusantara.

01:10Given Sarawak's substantial revenue and budget surplus, Lee said SEZs could transform the

01:15state into an economic powerhouse.

01:18He said the state is a sweet spot for investors, given its abundant resources for renewable

01:23energy and green investment.

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