Selangor Journal

MB Attends the Dubai Investment Annual Meeting 2019


SHAH ALAM – Selangor Menteri Besar, Amirudin Shari attended the Annual Investment Meeting (AIM) 2019 in Dubai yesterday.

Amirudin, via Facebook, said the AIM is the main platform for attracting Foreign Direct Investments (FDI).

He said it is an initiative by the UAE’s Ministry of Economy under the auspices of the UAE Vice President who is also Dubai’s Prime Minister and Superintendent, Sheikh Mohammed Rashid Al Maktoum.

“AIM is home to the largest global investors, among them are corporate leaders, policy makers, businessmen, regional and international investors, entrepreneurs, academics and leading experts who are showcasing the latest information, strategies and knowledge to attract FDIs.

“It aims to connect businesses and countries that are willing to participate in sustainable partnerships with investors,” he wrote.

Furthermore, the Selangor delegates are optimistic to involve investors and build up the investment success achieved in Selangor last year.

Previously, Selangor created history when it recorded the highest investment value for the last 30 years of RM 24.8 billion for 2018 through the manufacturing and services sectors.

The total investment value approved for the manufacturing sector was RM 18.947 billion, an increase of 238 per cent compared to RM 5.529 billion in 2017.

Meanwhile, the services sector saw Selangor successful in recording the highest total investment in Malaysia by RM5.784 billion compared to RM4.5 billion in 2017.

Amirudin in a statement said the state government will work hard to achieve the RM 10 billion investment target for the year 2019 and believe the current positive economic development will help to realize that goal.

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