By Zareef Muzammil
PETALING JAYA, Jan 28 — Selangor remains optimistic about the prospect of next year’s foreign direct investment (FDI), said state executive councillor for investment and trade Dato’ Teng Chang Khim.
However the continuing closure of international borders might somehow affect foreign trade mission this year.
“Despite organising online promotional programmes, it is limited as certain investments require them (investors) to visit physically.
“When international borders are closed, we cannot avoid it and need to be careful. So, we hope next year it will be better,” he said to the media, after the Business Aviation & General Aviation (BAGA) Townhall session here yesterday.
Teng remains hopeful the state’s investment target of RM8 billion this year could be achieved, which is higher than the RM5.9 billion in investment Selangor received as of September last year.
On January 21, he said the state remain focused on five clusters, including electrical and electronics (E&E), life sciences, machinery, food and beverage, and transport equipment industries to attract investors to Selangor.
To achieve its target, Teng added they will continue to conduct more creative promotions based on current development including holding online expos, as well as the hybrid mode Selangor International Business Summit (SIBS).
