Sarawak Sovereign Wealth Fund will likely be established with State Meeting approval, says Abang Johari


JULAU: A proposal paper on the Sarawak Sovereign Wealth Fund has been accomplished and will likely be applied after it has been handed by the State Meeting, stated Chief Minister Tan Sri Abang Johari Tun Openg (pic).

He stated the working paper was ready by consultants however that he couldn’t furnish particulars on it but.

“The matter needs to be handed by the State Meeting first,” he instructed a press convention after collectively opening the Julau Part of the Sarawak Pan Borneo Freeway with Senior Works Minister Datuk Seri Fadillah Yusof right here on Saturday (Nov 20).

On the freeway challenge, Abang Johari stated the Julau Part, which was underneath Bundle 7, would hyperlink Julau with Bintangor and Sibu.

“On behalf of the state authorities, I want to thank the Federal authorities, particularly the Works Ministry, for implementation of the challenge, which goes properly,” he stated.

He stated the completion of the Julau Part of the expressway would open up essential financial sectors, comparable to pepper and palm oil, in addition to enhance tourism within the space.

In one other improvement, Abang Johari, who was Parti Pesaka Bumiputera Bersatu (PBB) president, stated the social gathering was ready to face the twelfth Sarawak state election. – Bernama

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