Selangor Journal

Selangor sets to record highest investments for three years

By Khairul Azran Hussin

GOMBAK, Jan 14 — The Selangor government is confident that the state administration will achieve the highest number of direct investments for three consecutive years, says Dato’ Seri Amirudin Shari.

The Menteri Besar said despite the projected challenging economic climate in 2020, the state government is optimistic that it would be able to continue to attract investors.

“We are confident that the RM12 billion target of direct investments for this year would be achievable.

“Last year we exceeded the target for 2019. In 2018, we recorded RM18.9 billion in foreign investment, which was an increase of 239 per cent compared to the previous year,” he said when met at the launch of the Gombak district public library, here today.

Also present were state Health, Welfare, Women Empowerment and Family Committee chairman Dr Siti Mariah Mahmud and Selangor Public Library Corporation (PPAS) director Mastura Muhamad.

In 2019, Selangor had projected a reduced amount of RM10 billion in direct investments due to the global economic uncertainties.

Amirudin added that the state administrative and investor-friendly policies, as well as the high-quality infrastructure, were some of the factors that had attracted investors as Selangor is known as a prime investment location.

The state government envisions to position Selangor as a prominent catalyst to propel businesses in the Southeast Asian region, aiming to become the gateway to Asean businesses.

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