MB: Invest Selangor has created over 476,000 jobs, drawn RM218 bln in investment
17 Jul 2024
Invest Selangor Bhd has indirectly generated 476,886 jobs and RM218.14 billion in manufacturing investments for the state since its inception in 1999.
In a post on X, Menteri Besar Dato’ Seri Amirudin Shari noted the state investment arm has attracted 6,496 manufacturing projects in Selangor in this period.
He vowed the state would maintain its economic momentum and reiterated the government’s goal of contributing RM500 billion to the national economy in the coming years.
“Invest Selangor’s 25-year journey demonstrates our relentless drive. We will not rest; Selangor remains the economic powerhouse of Malaysia.
“In 2023, we achieved a record RM406.1 billion gross domestic product (contribution), outpacing the national growth rate, but we’re not stopping there.
“By enhancing our manufacturing capacity and maintaining an annual investment of no less than RM12 billion since 2018, Selangor is becoming a strategic hub for Southeast Asia and beyond,” he said.
On Monday, Invest Selangor celebrated its silver jubilee, marking 25 years since its inception and its journey in attracting investment and helping local and international businesses establish a base in the state.
Speaking at the ceremony then, Amirudin set an ambitious target of contributing RM500 billion to the national economy within three years, but warned the state not to rest on its laurels.
In his post today, the Menteri Besar reiterated the progress of the First Selangor Plan, with 33.7 per cent of the main projects and initiatives completed as of June.
The remaining projects are at various stages of implementation, including the Integrated Development Region in South Selangor, Sabak Bernam Development Area and the new Shah Alam Sports Complex.
“Our collaboration with the private sector ensures smooth engagement with state and local agencies, paving the way for a prosperous future. Together, we can achieve anything,” he said.
Source: Selangor Journal
