During his presentation of the 2027 Budget to the House of Representatives, Prime Minister Datuk Seri Anwar Ibrahim announced that the federal government will begin formal negotiations with the Sarawak State Government to finalise the framework for the Sibu Special Economic Zone. This follows the state government’s expressed commitment to developing and driving the initiative forward.
He explained that the negotiations surrounding the Sibu Special Economic Zone will cover the incentive framework, the establishment of a one-stop investment facilitation centre, and the strategic infrastructure requirements needed to support sustainable regional economic growth.