Selangor Journal
State executive councillor Dato’ Teng Chang Khim says the Selangor government is focused on ensuring policies introduced by the state administration are fully implemented. — Picture by FIKRI YUSOF/SELANGORKINI

Selangor ranks second in investment value from manufacturing, services sectors

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By Sherilyn Pang

SHAH ALAM, Oct 16 — Selangor is ranked second behind Sabah in investment value with over RM11 billion in total investments, which includes contributions from the manufacturing and services sectors, says State Investment, Industry and Commerce and Small and Medium Enterprise Committee chairman Dato’ Teng Chang Khim today.

“As of June, Selangor has managed to obtain (over) RM11 billion from mainly the manufacturing and the services sectors. So far, we rank number two for both sectors behind Sabah,” he said during a virtual press conference to launch the “Industry Dialogue: Post-Pandemic Recovery” video series.

In June 2020, Selangor registered RM11.6 billion of investment in the manufacturing and services sector with a contribution of RM3.3 billion from the manufacturing sector and RM8.3 billion from the services sector.

“As we aim for Smart Selangor, we are also aiming to become a Smart State in the Asean region by 2025. So, we are no longer talking about competing with other states within Malaysia,” said Teng, adding that the state government is focused on ensuring policies introduced are fully implemented.

“We have not abandoned any policies that have been introduced at all. For the Selangor Industrial Master Plan, for instance, we have outlined five main economic and industrial clusters to focus on driving and developing,” he said.

Noting some of the achieved developments, Teng said the state government had produced over 600 digital commerce experts to be equipped for the rising digital economy via the Selangor Information Technology and E-commerce Council (Sitec), which was established five years ago.

“We also have the Selangor Aerospace Action Plan where we are competing with regional players like the Philippines, Vietnam, Thailand and Indonesia. These are some of the policies in the pipeline and I can safely say that, where industry and commerce are concerned, everything is going according to plan.

“All the policies, projects and initiatives under the state government through this portfolio, are all moving. Not only are we moving, but we are also moving very fast, very rapidly and some have actually produced very positive results,” he said.

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