Selangor Journal

RM136 billion investment registered within 16 years

SHAH ALAM, JUL 25: There were a total of 4,713 manufacturing projects approved in Selangor, with a total investment value of RM136 billion, from year 2000 until 2016.
Youth, Sports, Culture and Entrepreneur Development Exco, Amirudin Shari said, from that amount, RM70.3 billion were local investment while the balance of RM65.7 billion were foreign investment.
“Among the factors for the thriving investment in Selangor is the political stability and investors’ confidence in the state administration.
“Selangor also offers strategic and conducive industrial areas as well as competitive investment and business start-up costs.
“Implementing new capital-intensive projects with sophisticated technologies and a good investment eco-system are also among the factors that attract investors,” he said at the Selangor State Assembly session today.
He said that in his reply to Batang Kali Assemblyman, Datuk Mat Nadzari Ahmad Dahlan’s verbal question relating to a complete investment data for Selangor.
Amiruddin said, it makes Selangor to be in the second ranking after Johore which received RM166 billion, the highest investment value within the same period.
That is followed by Sarawak with an investment value of RM101 billion, Penang (RM88.6 billion) and Kedah (RM58 billion).

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