Selangor Journal
Menteri Besar Dato’ Seri Amirudin Shari delivering his 2023 New Year address, at Dewan Jubli Perak Auditorium, Shah Alam, on January 11, 2023. — Picture by REMY ARIFIN/SELANGORKINI

Selangor achieves record-high investment in four years, RM25 bln as of Nov 2022 — MB

By Nasuha Badrul Huzaini

SHAH ALAM, Jan 11 — Selangor’s investment value has reached RM25 billion as of November 2022, which is the state’s highest achievement in the previous four to five years, says Dato’ Seri Amirudin Shari.

The Menteri Besar said the investment value stood at RM12 billion in August last year.

“Based on reports from state executive councillor for trade and investment Dato’ Teng Chang Khim, the figure has grown exponentially to RM25 billion in just three months.

“Apart from that, the state government has also recorded a surplus in revenue for three consecutive years. In 2022, we recorded a surplus of RM500 million from our initial target. The targeted revenue was RM2.05 billion and we have collected RM2.505 billion for the year.

“Congratulations to the Selangor civil servants who were involved in the state administration. Given the commendable success, it has been proven that we have succeeded in earning the confidence of the people, community and investors in Selangor,” said Amirudin when delivering his 2023 New Year address at Dewan Jubli Perak Auditorium, here today.

Citing Malaysia’s second Prime Minister, the late Tun Abdul Razak, on the need for balanced development that takes both urban and rural areas into account, Amirudin stated the statement should serve as a reminder to leaders not to marginalise anyone.

“I agree with what was said by the former Prime Minister. In developing Selangor as an advanced state, we have to ensure the economic spillover would benefit people from Sabak Bernam to Sepang, or Hulu Bernam up to Semenyih.

“Undeniably, Selangor is the most advanced state in the country with ongoing rapid development, but it means nothing if we only focus on lavish buildings within the same area.

“Therefore, I am determined to be a leader who helps to boost the economy, intensify business activities and infrastructure development as well as empower people’s participation in the value creation economy,” he said.

On December 6, 2022, Teng stated that the Selangor government recorded nearly RM10 billion in investments as of the third quarter of last year and that it was projected to reach RM12 billion in 2022.

He said the investments derived from various sectors including manufacturing, food and beverages, electrical and electronics, fabricated metal products, and food manufacturing.

During the tabling of the 2023 Selangor Budget on November 25, Amirudin announced that Selangor had approved a total of 118 manufacturing projects, higher than any other state, with a total investment of RM4.88 billion.

Selangor was said to be chosen due to its strategic location, port facilities and highway networks.

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