MASSIVE INFRASTRUCTURE PROJECTS
The Sarawak State Government will host the 3rd Edition of Asia Infrastructure – the International Infrastructure Development Exhibition & Conference to be held at the Borneo Convention Centre, Kuching, Malaysia from 23-25 January 2018. This event comes at an opportune time as Sarawak continues with its massive development plans lead by the SCORE initiatives which has attracted top international investors. In addition, the RM29 billion Pan Borneo Highway construction will bring huge opportunities to infrastructure players including consultants, contractors and machinery and equipment suppliers.
UNDERWAY IN EAST MALAYSIA
– SPEARHEADED BY THE PAN BORNEO HIGHWAY
As countries across Asia experience strong economic growth in recent years, enormous pressure is put on its transport, housing & industrial capacity, energy, water/sewerage, waste management and communications infrastructure. As such, infrastructure development is now a priority for countries to ensure continued development, improve competitiveness and reduce poverty in the rural communities.
According to the Asian Development Bank (ADB) and the Asian Development Bank Institute (ADBI) for the period 2010 to 2020, the region will need to invest $8 trillion in overall national infrastructure. On average, Asia will need to invest around $750 billion per year during this period.
Sarawak is an ideal venue for this international event as the State Government has embarked upon many infrastructure development projects which will transform the economy and the catalyst for its modernization program in the digital age. The Sarawak Pan-Borneo Highway spanning 1,090 km is expected to be completed in 2021 with an estimated cost of RM16.1 billion while the construction work on the 706-km highway from Sindumin to Tawau commenced in 2016 with an estimated cost of RM12.8 billion.
This will generate a massive demand for construction equipment, road building machinery, lighting, signages, bridge building technology, surveying and fencing, security, consultancy services among others.
It will also support the Government’s initiative on the Sarawak Corridor on Renewable Energy which will transform its economy into a developed State by 2020. Over RM300 billion worth of potential investments is expected under this initiative up till 2030.