Capricorn Investment Group, a prominent US-based investment firm, is the latest international entity to explore opportunities in Sarawak, with a particular focus on the renewable energy and technology sectors.
According to a report from the Sarawak Public Communications Unit, representatives from the firm met with Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg during a courtesy visit at Wisma Bapa Malaysia on Monday.
The delegation was led by Jérome de Bontin, a partner and strategic advisor at Capricorn, and was accompanied by InvestSarawak’s chief executive officer, Timothy Ong. Speaking to the media after the meeting, Ong noted that discussions centred on how the investment group could contribute to the state’s ambitions in new energy, battery technology, and the space industry.
“Capricorn is a well-established name in technology investment, having been an early backer of major companies such as Tesla and SpaceX,” Ong said. “With their extensive experience in innovation, they view Sarawak as a strategic destination for investments in green energy and digital technology.”
The discussions also covered the development of a prosperity action plan, along with potential collaborations in semiconductors and digital parks. The Premier reportedly welcomed the proposals and has instructed for a follow-up meeting to further refine potential areas of cooperation.
Capricorn Investment Group, founded with a strong focus on sustainable and high-impact investments, has been at the forefront of funding emerging technologies with the potential to reshape industries. Its growing interest in Sarawak reflects the region’s increasing appeal as a hub for renewable energy and digital transformation.
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