Renewable energy in Sarawak contributes to Malaysia’s economy

Sarawak could become the top three contributors to the country’s economy in the next few years as Sarawak Corridor of Renewable Energy (Score) is expected to drive the state gross domestic products growth (GDP) up to 10% in 2015 from less than 5% last year, said Kenanga Research.

Currently, the biggest state in Malaysia contributes about 8% to Malaysia’s overall real GDP growth.

Kenanga Investment Bank hosted an exclusive conference called “The Sarawak Growth Story” on Thursday where it introduced the upcoming segments and future prospects of Sarawak with a specific focus on Score and the state’s infrastructure, oil and gas as well as plantation sectors.

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