Selangor eyes global logistics hub role amid ASEAN summit spotlight
27 Nov 2024
Selangor’s strategic positioning and Malaysia’s role as the upcoming chair of the ASEAN Summit in 2025 underscore its potential as a hub for global logistics players, said state executive councillor for investment, trade, and mobility, Ng Sze Han. He highlighted the state’s proximity to central Malaysia as a key factor in attracting logistics companies.
Speaking after the Selangor and Hebei (China) trade mission signing ceremonies at the Concorde Hotel, Ng emphasised: “Selangor is in a strategic position as the (economic) hub of Malaysia. Next year, we (Malaysia) will be the chair for ASEAN, and this shows very good progress (for the sector).
“Therefore, we should let global logistics players know about the advantages of setting up their offices, facilities, or warehouses in Selangor.”
The event, hosted by Permodalan Negeri Selangor Bhd (PNSB), saw the signing of memoranda of collaboration (MoCs) between Hebei Logistics Group Metal Materials Co., Ltd. and Skyvast, as well as Sunhola Group Co., Ltd. and Skyvast.
Hebei Logistics Group is linked to the state-owned Assets Supervision and Administration Commission of Hebei Province, while its subsidiary, Hebei Logistics Group Metal Materials Co., Ltd., specialises in logistics and materials. Sunhola Group, a prominent enterprise in northern China’s food and agricultural product circulation, also participated in the partnership.
Ng commended PNSB’s initiatives to collaborate with Chinese establishments, calling it a positive step in strengthening Selangor’s economic growth. “We welcome all the high-impact investment into Selangor and are constantly engaging with potential investors from overseas, including industry players.
“Therefore, this is very good progress by PNSB to engage with the potential investors,” he said.
The partnerships aim to bolster foreign investments, particularly in warehousing and logistics, by leveraging Selangor’s strategic location and robust infrastructure. This move is expected to create new business opportunities, strengthen regional connectivity, and enhance the state’s role as a leading economic player in the region.
Present at the ceremony were PNSB chief executive officer Raja Ahmad Shahrir Iskandar Raja Salim, Menteri Besar Selangor (Incorporated) group chief executive officer Saipolyazan M. Yusop, and Invest Selangor Bhd chief executive officer Dato’ Hasan Azhari Idris.
Ng reaffirmed the state government’s commitment to attracting high-impact investments through active engagement with international investors and industry stakeholders.
Source: Selangor Journal
