Borneo Digital Capital launches RM100 million fund
KUALA LUMPUR: Borneo Digital Capital Fund PLT has launched a RM100 million fund to accelerate Sarawak's digital economy, backing the state's ambitious target of achieving a gross domestic product (GDP) of RM282 billion or an eight per cent annual growth rate by 2030.
Borneo Digital Capital Fund PLT has launched a RM100 million fund aimed at accelerating Sarawak's digital economy, supporting the state's goal of achieving an RM282 billion GDP by 2030. Managed by Aureus Strategies PE Sdn Bhd, the fund will invest in digital infrastructure, smart city initiatives, and AI solutions across Sarawak, prioritizing projects with resilient cash flows and long-term capital appreciation.
The fund's strategy also includes digital enablement platforms for technology companies and renewable energy, utility systems, and eMobility projects, with all targeted projects featuring government-backed contractual cash flows.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
