Selangor records RM90.21 bln investment in manufacturing and services sectors

20 Nov 2024

A total of 2,132 investment projects in the manufacturing and services sectors have been approved in Selangor from 2023 to June 2024, with a combined investment value of RM90.21 billion, said Selangor Exco for Investment, Trade, and Mobility Ng Sze Han.

For 2023 alone, he noted that 1,311 investment projects were approved, amounting to RM55.24 billion, while from January to June 2024, 821 projects were approved with a total investment value of RM34.97 billion.

Ng also highlighted that these investments created 63,912 job opportunities in Selangor during the same period, reecting the positive development of the economic sectors.

He was responding to questions from Muhammad Izuan Kassim (PH-Kota Damansara) and Quah Perng Fei (PH-Bandar Baru Klang), who enquired about the amount of investment in Selangor for 2023 to 2024 during the Selangor State Assembly session here today.

Ng added that the state government has set a target of RM50 billion in investments for the manufacturing and services sectors this year, with RM15 billion allocated to manufacturing and RM35 billion to services.

To achieve that target, he said the state government, through Invest Selangor, has implemented various initiatives, including organising investment promotion programmes, developing new industrial areas, and conducting regular project coordination meetings.

Source: Bernama