Selangor Journal

INVEST confident of achieving target

KUALA LUMPUR, MAY 22: Invest Selangor Berhad (INVEST) is optimistic that it will achieve its RM6.5 billion target for investment this year.
Its Chief Executive Officer (CEO), Dato’ Hassan Azhari Idris said that amount would include foreign direct investment (FDI) and domestic investment in industries such as manufacturing.
“I believe we are on the right track in view of our development so far, for the past initial five months.
“For the time-being, we have no data from Malaysian Investment Development Authority (MIDA), but I am sure we will achieve the target,” he said to SelangorKini.
He was representing INVEST in signing an MoU with Victoria State Government witnessed by Investment, Small & Medium Industries, Trade and Transport Exco, Dato’ Teng Chang Khim.
It is the second MoU signed by INVEST within a week, after the first was signed with the Free State of Bavaria, Germany recently.
Hassan Azhari said, INVEST managed to achieve an investment of RM7.88 billion last year against the target of RM6 billion.
“We are one step behind Johore, however, based on the number of approved projects we are still leading with 242 projects followed by 165 in Johore,” he said.

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