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The Report: Sarawak 2011
Oxford Business Group, Jan 2011
Sarawak shares the island of Borneo with the Malaysian state of Sabah, the sultanate of Brunei Darussalam, and the Indonesian provinces of Kalimantan. Its 2.4m people are considered the most diverse of all Malaysian states, with a mix of indigenous Christian Ibans, Chinese, Muslim Malays, and many other ethnic and religious groups. The state’s chief minister, Abdul Taib Mahmud, of the National Front party retained his hold on power by winning re-election in 2011, despite a strong showing by the opposition Democratic Action Party. Sarawak’s economic growth has long depended on the three key pillars of oil and gas, crude palm oil, and timber exports. A host of new sectors are set to receive a boost, however, under the Sarawak Corridor of Renewable Energy (SCORE), which aims to develop the state’s central region. SCORE will exploit Sarawak’s 20,000 MW of hydroelectric potential, using this power to develop industries in metallurgy, aquaculture, food processing, information technology, and downstream palm oil and timber products.
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