KUCHING: The sovereign wealth fund mooted by the state government will be able to secure the state’s future when it is no longer generating revenue from its oil and gas, said Chief Minister Datuk Patinggi Abang Johari Tun Openg.

He said with the savings kept in the wealth fund, the government would also be able to implement people-centric programmes to benefit the public.

“When our infrastructural facilities have been completed, we will have a lot of savings and we have to put it somewhere where it can be managed properly and reinvested so that it will give us returns for our future.

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Wealth fund to secure the future without oil and gas