Investment Highlights in Selangor
Key Contributors:
- The services and manufacturing sectors have been the top contributors to investment in Selangor, totaling RM70 billion in the first half of 2023.
Goals:
- State executive councillor Ng Sze Han expresses confidence in reaching the RM80 billion target soon.
- Menteri Besar Dato’ Seri Amirudin Shari anticipates surpassing RM100 billion in investment for the year due to positive trends.
Collaboration for Growth:
- The impressive investment figures are attributed to the collaboration between the state government, Invest Selangor Bhd, and the Malaysian Investment Development Authority (MIDA).
Future Planning:
- Discussions are underway for the 2027 Selangor Budget to ensure it aligns with the state’s development goals.
- Emphasis on enhancing the value chain in manufacturing and engineering, with encouragement for companies like Steelbro to invest in local talent and suppliers.
Performance Metrics:
- Selangor recorded RM101 billion in approved investments in 2024 and is on track with RM70 billion in the first half of this year.
Conclusion
Selangor is focusing on bolstering its investment landscape through strategic collaboration and planning, aiming to elevate its manufacturing and engineering sectors.
