Selangor Journal
State executive councillor Dato’ Teng Chang Khim speaking during a virtual press conference to launch the “Industry Dialogue: Post-Pandemic Recovery” video series, on October 16, 2020.

Exco: Selangor records RM8 bln in manufacturing investments as of last September

By Ida Nadirah Ibrahim

SHAH ALAM, Jan 18 — Selangor recorded RM8 billion worth of investment for the manufacturing sector as of September last year, says the State Investment, Industry and Commerce and Small and Medium Enterprise Committee chairman.

Dato’ Teng Chang Kim, however, said that the state has yet to obtain the recorded investment for the services industry and that it is also waiting to receive the total investments registered for the year 2020.

“As for 2021, of course, we will be facing bigger challenges compared to 2020 because (the total investments) would be depending on our efforts last year, where we faced many restrictions.

“For example, we had no (trade) mission overseas last year, except for one visit before the MCO (movement control order) was enforced,” he said during a virtual press conference after the Selangor e-Bazar 11.11 Mega Sales campaign announcement today.

Also present were Selangor Menteri Besar Dato’ Seri Amirudin Shari, Invest Selangor Bhd chief executive officer Dato’ Hasan Azhari Idris and Selangor Information Technology and Digital Economy Corporation (Sidec) chief executive officer Yong Kai Ping.

Although the state administration has projected a low figure due to the challenges faced, following the global Covid-19 pandemic and the enforced MCO in the country last year, Teng said the Selangor government has put in many efforts during the first MCO period and had moved all of its major events and activities online, including talks with investors.

Last November, Amirudin had announced the state to have registered RM3.39 billion worth of investment for the manufacturing sector as of June 2020 involving 122 projects.

He said a total of RM1.83 billion were from local investments, while RM1.56 billion through foreign investments.

Amirudin said the food manufacturing industry recorded the highest amount with RM1.16 billion, followed by electrical and electronics (RM638.65 million), and beverages and tobacco (RM9 million).

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