Sarawak plans to take over more federal entities, says Abang Johari

Sarawak plans to expand its economic influence by taking over additional federal government entities and assets, aligning with its Post-COVID-19 Development Strategy 2030 (PCDS 2030). Premier Tan Sri Abang Johari Tun Openg stated this during a Sarawak-level Workers’ Day celebration in Kuching on May 10, emphasizing the move would strengthen the state’s economy and create high-skilled jobs, particularly in technology and emerging sectors. Over the past six years, Sarawak has already acquired control of key assets, including the Bakun Dam, Bintulu Port, and MASwings Sdn Bhd. The state is also establishing Petroleum Sarawak Berhad (Petros) and increasing its stake in Affin Bank to become its largest shareholder. Abang Johari highlighted these efforts as part of a broader economic transformation toward a high-tech economy, focusing on renewable energy, automation, artificial intelligence (AI), digitalization, and the semiconductor industry. The premier stressed that Sarawak’s economic shift requires a skilled workforce, particularly in aerospace, digital technology, and semiconductor chip manufacturing. By taking over more federal assets, the state aims to accelerate job creation and position itself as a leader in new industries. The announcement underscores Sarawak’s commitment to diversifying its economy beyond traditional sectors. Abang Johari’s remarks came during a speech at the Borneo Convention Centre Kuching (BCCK), where he reiterated that the PCDS 2030 strategy would drive these changes. The state’s push for greater control over strategic entities reflects its ambition to dominate Malaysia’s economic landscape while fostering innovation and high-value employment opportunities.