Qatari investors coming closer to major Sarawak deals

Last Wednesday, Sarawak got another step closer to solidifying a working economic partnership that will promise to transform key developmental initiatives in the state.

During the Inside Sarawak 2013 launch, held by business research and consultancy group Inside Investor, a visiting delegation from Qatar met with Sarawak Chief Minister Pehin Sri Abdul Taib Mahmud, coming eye-to eye-on terms to build a lasting relationship to intensify foreign investment from the Middle Eastern nation.

Among the Qatari investors, Masraf Al Rayan, a major syariah-compliant bank and institutional investor, expressed a willingness to heighten economic cooperation in the areas of power assets, heavy industries and halal food. Food security, an issue of utmost importance in the Gulf Cooperation Council (GCC), was also brought up during the high-level meetings, with Qatari investors underscoring interest in starting halal food ventures.