Kuala lumpur: The proposed Sibu Economic Zone (SEZ), with an initial allocation of RM1.5 billion, is set to become a pivotal force in driving the town's economic transformation and attracting new investments. Sarawak Deputy Premier Datuk Amar Dr Sim Kui Hian announced that the state government has agreed in principle to establish the SEZ, which will focus on investment, the services sector, and the creation of high-value jobs.

According to BERNAMA News Agency, Dr Sim highlighted that Sibu's development will be further enhanced by improved connectivity and industrial capabilities, including the anticipated West Bank Bridge and the Sibu Industrial Park, both expected to be completed by 2029. "The proposed Bukit Assek redevelopment, which has received in-principle approval, represents another significant long-term initiative aimed at steering Sibu towards a more sustainable and higher-value economic path," he stated.

Dr Sim made these remarks during his speech at the 2026 Annual General Meeting of the Associated Chinese Chambers of Commerce and Industry of Sarawak (ACCCIS). He emphasized that Sarawak is entering a critical phase of economic transformation, necessitating a shift beyond traditional industries to foster new sectors, along with enhancing knowledge and technical capabilities.

Identified areas for future growth include renewable and green energy, semiconductors, healthcare, digitalization, and technology-related industries. Dr Sim urged the private sector to play a more significant role in converting government policies, infrastructure, and development platforms into tangible investments, business activities, and employment opportunities. He assured that the government will continue to provide policy direction, infrastructure, and platforms for growth, while encouraging businesses to invest, innovate, and capitalize on emerging opportunities.