Selangor Journal
State executive councillor for investment, industry and trade Dato’ Teng Chang Khim during an interview with Selangor Journal at his office at the Selangor State Secretariat Building, Shah Alam, on September 26, 2022. — Picture by HAFIZ OTHMAN/SELANGORKINI

Selangor records RM30.82 bln worth of investments from Jan 2020 to June 2022

SHAH ALAM, Nov 23 — Selangor recorded RM30.82 billion worth of local and foreign investments between January 2020 and June 2022, the State Legislative Assembly was told today.

State executive councillor for investment, industry and trade Dato’ Teng Chang Khim said as many as 689 manufacturing projects were approved in the state in the same period.

“Local investments reached RM19.160 billion while a total of RM11.659 billion was recorded from foreign investments in addition to the creation of 39,287 potential job opportunities,” he said.

Teng was responding to a question from Bukit Lanjan state assemblyman Elizabeth Wong Keat Ping who wanted to know the total investment amount received by the state government since 2020.

He also said the types of industrial sectors that are the focus for investors are life sciences, food and beverage manufacturing, electrical and electronic product manufacturing, transport equipment, and machinery and equipment.

“Apart from that, two new industries have also been identified to potentially boost Selangor as an investment destination, namely logistics services and digital investment which includes Global Business Services, Data Centre and Creative Content Technology,” he said.

Teng noted that his side through Invest Selangor is currently conducting a study to re-evaluate the sectors that were the focus previously and explore potential new industries.

“It is Selangor’s strength to be promoted in the future in an effort to attract investments in various potential sectors,” he said.

— Bernama

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