Malaysia develops a $26.9 million industrial estate for SMEs

Sibu Industrial Park covers 61 hectares of land with the first phase ready in February 2022 

According to Bernama, the Sarawak state government has allocated MYR114 million (USD26.9 million) to develop the Sibu Industrial Park, the first industrial estate designed for small and medium enterprises (SMEs).  

The park is sprawled over 61 hectares of land located at Jalan Sungai Maaw/Jalan Tanjung Manis. 

Sarawak Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan said the development will undergo three phases, in which the first phase includes earthworks, construction of roads, and division of lots.  

The first phase is expected to be completed by February 2022, after being delayed by the pandemic, the chief minister said.  

“The contractor that has been appointed has given the assurance to us today that the project can be completed within the new timetable that has been set,” he told the media during a visit to the project site.  

Moreover, the state government has approved an allocation of MYR50 million under the 12th Malaysian Plan to finance industrial development.  

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Awang Tengah, Sarawak Minister of International Trade and Industry, Industrial Terminal, and Entrepreneur Development, said that the estate’s division of lots will use a zone system based on the types of industries in order to be more orderly and systematic.

“Food processing industries will be housed in their own zone that is appropriate for food processing, the same goes for other industries. This is the first facility provided for SME entrepreneurs in Sibu as we know the people here are hardworking and have the expertise,” he added.