Malaysia's Sarawak state has received 1.4 billion ringgit ($438.2 million) in foreign investment for a proposed new zone making halal products, Chief Minister Abdul Taib Mahmud told reporters on Monday.
He was speaking on the sidelines of a conference on halal products ranging from food to pharmaceuticals.
"To date we have received shows of interest for 1.4 billion ringgit of investments. They are from Taiwan and the Middle East," he said.
Mahmud also said there were plans to build a dam in the state, which would help increase the size of rice plantations.
"The immediate paddy potential of Sarawak is 7,000 hectares over five years. After that, there may be potential for another 20,000 hectares in Limbang," he said, referring to a northern district of Sarawak.
But he said these plans were linked to the construction of a new dam.
"Limbang is a much bigger area but it requires a good, well-planned irrigation facility which is tied to the building of a dam for hydro, which is going to be undertaken as a likely joint venture between Sabah, Sarawak and Brunei," he said.
The power capacity of the new plant would be 300 megawatts, he added. (Reuters)
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