Selangor Journal
Selangor state executive councillor for trade and investment Dato’ Teng Chang speaking at the press conference on SIBS 2021 and SAS 2021 performance, at the MTES operations room in Shah Alam, on December 9, 2021. — Picture by FIKRI YUSOF/SELANGORKINI

Exco: Selangor committed to be investment hub, seek firm footing in Asean, global markets

By Selangor Journal Team

SHAH ALAM, Feb 18 — The Selangor government is determined on being a hub for potential investors eager to grow their investment ambitions in the country while seeking stable ground in the Asean region and worldwide markets, says Dato’ Teng Chang Khim.

The state executive councillor for industry and trade in a report by the New Straits Times (NST) yesterday said that the growth of the aerospace and biotech industries is a key priority for Selangor’s state government.

“We are always eager to work with the industry and visionaries like Tan Sri Lim Kim Hong (I-Berhad group chairman), who helped shape i-City into what it is today. We are researching smart city technology. We hope to work with i-City to build a smart city in Selangor. This is part of our smart Selangor strategy to make the state a regional smart state,” Teng was quoted by NST, citing the i-City smart city project in Selangor.

Teng said the state administration has set aside a significant budget to develop Selangor into a regional smart state.

“We will be working on green technology development. We believe we can play a significant role in the development of green technology in Malaysia, and we look forward to collaborating closely with i-City. With i-City’s development and commitment over the years, we believe we can have a fruitful collaboration,” said Teng.

Teng also stated that Selangor had developed a managed industrial park idea to attract new investment to the state.

“In developing our rules and policies, we considered the management and development of i-City. We plan to develop our managed industrial park using i-City as a model, and we believe it will be a success and will attract investors,” he said.

Meanwhile, Teng said that i-City is a good role model that others should aim to replicate.

He had expressed his satisfaction with i-City’s progress since its inception in 2005 and said that the project would establish Selangor as a significant role in the state’s digitalisation process.

“I-City will serve as a model for many, from the development concept to the content, ideas, and buildings. I-Berhad has brought new ideas to i-City. Some of the ideas may be incompatible with policies and rules, but I believe that some of them are quite innovative.

“Everyone has put in a lot of effort to ensure that the project runs smoothly. The state government also played a role in the development of the i-City that you see today. So we are very proud to have this development in Selangor,” Teng said.

i-City plans to spend RM10 million on its digital transformation plan to add a Metaverse experience to its theme park, which will see the i-City’s City of Digital Lights combined with an immersive 3D Metaverse experience as part of the theme park renovation project.

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