Selangor Journal
State executive councillor for trade and investment Dato’ Teng Chang Khim responds to questions during the First Session of the Fifth Term of the 14th Selangor State Legislative Assembly, at the Annex Building in Shah Alam, on March 18, 2022. — Picture by AHMAD ZAKKI JILAN/SELANGORKINI

Dubai Expo: Selangor Week exceeds target as nearly RM1 bln in investments clinched

By Alang Bendahara

SHAH ALAM, March 18 — A total of RM960 million in potential investment value was recorded during the Selangor Week at Expo 2020 Dubai that was held from March 6 to March 12.

State executive councillor for trade and investment Dato’ Teng Chang Khim said the amount exceeded the RM500 million target for potential trade and investment value that was set by the Federal government for each week’s event at the Malaysia Pavilion.

“Selangor Week at Expo 2020 Dubai has succeeded in attracting the interest of businessmen and international investors who took the opportunity to meet with delegation members and express their desire to expand investment and business in the state,” he told the Selangor State Legislative Assembly here today.

Teng was responding to a query by Permatang state assemblyman Rozana Zainal Abidin on behalf of Bukit Lanjan state assemblyman Elizabeth Wong, who wanted to know the participation of state government and companies at the expo as well as the investment which was successfully brought home.

Wong is currently quarantined at home after testing positive for Covid-19 earlier this week.

Teng said Selangor Week also managed to conduct 158 business matches that resulted in 92 potential collaborations with businessmen and international investors who are keen on setting up in the state.

Among the sectors of interest include warehousing, management consulting services, financial consulting services, communications and multimedia, transportation, logistic and mobility, education, oil and gas, property management, entrepreneurship, human resources management, agriculture technology, telecommunications and health.

“A memorandum of agreement between Northport (Malaysia) Bhd and Seahawk Lines Shipping LLC was also signed worth RM45 million,” he said.

Teng said Selangor Week also recorded 68,518 visitors to the Malaysia Pavilion, the highest number so far.

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