Private sector investment vital for Sibu's growth
Private sector investment is vital for Sarawak to attain developed status by 2030, says state Public Health, Housing and Local Government Deputy Minister Datuk Michael Tiang.
“Sarawak is aiming to become a developed state by 2030.
“Of course, Sibu is part of this journey,” he said at the opening of the Ibraco sales gallery by Sarawak property developer Ibraco Bhd in Sibu.
Stating that Sibu’s growth benefitted the state’s development agenda, he added that it was vital for private sector contributions alongside government efforts.
Tiang pointed to the Bukit Assek Redevelopment Plan as a catalyst for Sibu’s transformation, noting that groundwork for the first phase would be visible this year.
“Sarawak’s ambition to achieve developed status is not for the government to achieve alone.
“We really need private sector investment,” he said.
In line with this, he welcomed the involvement of established property developers such as Ibraco that was exploring opportunities in Sibu.
“Two years ago, I spoke with the owners of Ibraco about coming to Sibu for development projects.
“The company’s move to open a sales gallery here is a good start,” he said.
Tiang encouraged other developers to consider investing in Sibu.
“Sibu is a major town in the central zone with full potential.
“I am always ready to offer assistance to cater for the development of quality properties in Sibu,” he added.
The sales gallery in Jalan Tong Sang marked a milestone in the property developer’s aim to better serve customers in Sarawak’s central region.
It is supported by a dedicated team that can provide sales support to homebuyers and investors.
Ibraco’s portfolio comprises township developments in three different regions.
They are in Kuching, Kota Samarahan and Bintulu, while the second residential development was in Petaling Jaya, Selangor.
Among Ibraco’s Sarawak projects are The NorthBank, Kuching, featuring modern homes and commercial hubs offering convenience amid lush green spaces.
In the nearby medical and education hub of Kota Samarahan, Ibraco built Arden City for investment opportunities.
Town Square Bintulu that offered modern architectural designs and leisure concepts, was Ibraco’s first development venture away from Kuching.
In Selangor, NewUrban redefines urban living with contemporary homes and lifestyle amenities for modern city dwellers.
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