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Selangor records RM14 bln in investments last year

Last Update: 18/02/2019

SHAH ALAM, Feb 18 (Bernama) – Selangor recorded total investments of RM14 billion last year, surpassing its earlier target of RM7 billion.

Menteri Besar Amirudin Shari said he was notified of the achievement by Malaysian Investment Development Authority (MIDA) recently.

“Up to September last year, Selangor’s total investments amounted to RM8 billion, and recently, MIDA verbally estimated the figure could reach RM14 billion in total for 2018. Anyhow, we must wait for the official announcement from MIDA.

“This is a good performance where we have achieved more than RM11 billion or RM12 billion. Looking at the track record over the last 10 years, it is the second highest achievement, after Selangor last recorded investments of about RM15 billion in 2014,” he said to reporters after attending a gathering in conjunction with the Chinese New Year celebration organised by the Federation of the Hokkien Associations of Malaysia here, today.

Also present was the federation president Tan Sri Lim Hock San.

Amirudin said Selangor registered total investments of RM5.29 billion in 2017.

Elaborating further, he said this accomplishment showed the confidence given by the international business community towards Malaysia and Selangor specifically and was a testament to the efforts carried out by the state government from year to year to implement good and quality programmes which were successful in attracting more investments to the state.

Nevertheless, he said the state government should not be satisfied with the current achievement, in fact, it must enhance efforts to ensure Selangor remained the most developed state in the country.

“Hence, this year we will focus on clusterisation of specific industries to attract more invesmtents into the state. For this, Petaling Jaya to Port Klang is specifically earmarked as logistics industry hub as well as the biggest services in Malaysia, while Kuala Selangor to Sabak Bernam will be the tourism hub. 

“Hulu Langat and Sepang will be the education hub that will gather thousands of students from about 50 institutions of higher learning whereas Sepang and Subang will become the aerospace hub,” he said.




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