Improved infrastructure and the availability of land, coupled with abundant supply of affordable energy, have made Sarawak and Sabah prime for investments, according to a report by Bernama.
Creating an industrial ecosystem, these factors are attracting more foreign companies looking for education and investment opportunities in this part of Malaysia, said Mark Burgess, Vice President for Malaysia and Indonesia at BAE Systems.
"East Malaysia is very dynamic and ambitious and we can allow ourselves to think in the same way. We have high aspirations for this east Malaysian marketbecause we can use this market to work with the rest of the region," he said during his recent visit to the state.
Burgess' three-day visit to Labuan, Sarawak and Sabah, aims to explore the educational and industrial opportunities that the company could venture into.
He explained that one of the firm's goals in this part of Malaysia is to empower small and medium enterprises (SMEs) with the know-how and technology that BAE Systems could offer.
"What we've added to our industrial approach in Malaysia is that we are now more engaged with the SME community because there are some real capabilities out there, capabilities that we can make use of or the technology and know-how that we have that the SMEs can make use of."
As experienced in other countries where the company also operates, SMEs require assistance in terms of global market access and project management, he noted, adding that BAE Systems will also discuss its long list of projects to the relevant authorities and will seek suitable companies to work with.
"Some of the work we want to look into is to get some of the Malaysian industries involved in our global supply chain for requirements all over the world."
Burgess added that Malaysia is one of most successful economies in Asia for over 20 years, saying "most of that can be attributed to the very strong and enduring ties between the UK and Malaysia in terms of strong defence relationship."
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