Selangor collaborates with Fed govt to attract investors, raise Malaysia’s economy — MB

Selangor collaborates with Fed govt to attract investors, raise Malaysia’s economy — MB

17 Oct 2024

Selangor will play its role and work alongside the Federal government to provide attractive investment spaces for investors, said Menteri Besar Dato’ Seri Amirudin Shari.

He said the state is part of the industrial development cluster for Peninsular Malaysia’s central region, with one of the main projects being the Integrated Development Region in South Selangor, with a RM57.7 billion gross development value for projects in the Sepang and Kuala Langat districts.

“To boost economic investment, Selangor has established the Selangor Greater Klang Valley, which involves four major cities in the state: Petaling Jaya, Subang Jaya, Shah Alam, and Klang. These cities have the potential to offer comprehensive economic opportunities,” he said in a Facebook post today.

Earlier, Amirudin attended the 7th National Investment Council meeting for this year, chaired by Prime Minister Datuk Seri Anwar Ibrahim.

“The MPN serves as a governance body that plans the investment agenda according to national interests, particularly concerning strategic investments involving high-level commitment from the Federal government administration.

“InsyaAllah, the state government will fully cooperate with the Federal government in providing a sustainable and conducive investment space, so that Malaysia can become an economic powerhouse in the region,” he said.

In July, the Menteri Besar said Selangor remained the preferred state for investors, securing investments amounting to RM12.4 billion in the first quarter of this year, while also offering 8,377 job opportunities across 363 projects.

He cited a Malaysian Investment Development Authority report which indicated a 66.8 per cent increase compared to the first quarter of 2023, which recorded RM7.44 billion in total investments.

Source: Selangor Journal