Sarawak Chief Minister Tan Sri Abdul Taib Mahmud is confident that the Bumiputera in Sarawak can achieve 30 per cent equity in the state’s economy by 2030 in view of the expansion of economic and business opportunities in the Sarawak Corridor of Renewable Energy (Score).

Tan Sri Abdul Taib Mahmud, Sarawak Chief Minister

With the effective strategy to strengthen Bumiputera economy and to ensure that no one would be marginalised, the state’s growth is forecast to increase five times from this year’s estimate of 2.8 per cent, he said.

“We will not steal what belongs to other people but we will raise the Bumiputera share from the expansion of the economic cake; at the same time entrust the Bumiputera in Sarawak with a very heavy duty to seize this opportunity,” he said when launching the Sarawak Federation of Bumiputera Economic Bodies (Gabem) here today.

Taib, who is State Finance Minister, said the government would provide various incentives through a specific mechanism to promote Bumiputera economy in a well organised and planned manner to produce competitive Bumputera entrepreneurs.

He said that in 2030, the non-Bumiputera is also expected to hold 30 per cent equity in the state’s economy while foreign investors is expected to hold 40 per cent.

Earlier, Sarawak Gabem council chairman Datuk Amar Awang Tengah Ali Hasan said the organisation would serve as a conduit, for the grassroots to raise their concerns and problems to the authority.

Present at the function was Gabem chairman Tan Sri Rahim Tamby Chik.