Selangor Journal
State executive councillor for trade and industry Dato’ Teng Chang Khim (second from left) with Menteri Besar Dato’ Seri Amirudin Shari (centre), during the launching ceremony for the Integrated Development Region in South Selangor (Idriss), at the State Secretariat Building, Shah Alam, on March 15, 2023. — Picture by MOHD YUSNI ARIFFIN/SELANGORKINI

RS-1 to help Selangor contribute 30 pct to national GDP by 2026 — MB

By Norrasyidah Arshad

SHAH ALAM, March 15 — Selangor will eventually be able to contribute up to 30 per cent to Malaysia’s Gross National Product (GDP) by 2026, due to several mega projects within the framework of the First Selangor Plan (RS-1).

Menteri Besar Dato’ Seri Amirudin Shari said projects like the Integrated Development Region in South Selangor (Idriss), the Sabak Bernam Area Development (Sabda), and the Shah Alam Sports Complex, are expected to contribute around one per cent to GDP growth annually.

“The surge in state development as formulated in RS-1 will ensure Selangor remains the country’s biggest GDP contributor. Every year, we record growth of up to 0.4 per cent of the national GDP.

“If our projections continue, we can see a contribution of 27 per cent to the national GDP. With RS-1, I believe this can reach 30 per cent by 2026,” he said.

Amirudin was speaking to reporters after launching Idriss, at the State Secretariat Building earlier today.

In 2021, Selangor was the largest contributor to the Malaysian economy by 24.8 per cent, due to the state’s political stability and strong governance.

The Menteri Besar said Selangor is ahead of other states with a GDP value of RM343.5 billion, compared to RM327.1 billion in 2020.

The main contributors are the service sector at 59.5 per cent, manufacturing (31.4 per cent), construction (5.1 per cent), agriculture (1.5 per cent), and mining (0.2 per cent).

Meanwhile, he said Selangor has also managed to successfully attract 265 manufacturing sector investment projects with a value of RM12.2 billion last year.

This was based on data gleaned from the Malaysian Investment Development Board’s (Mida) report last week.

“These investments are a clear sign of investors’ confidence, both in Malaysia and abroad, in selecting Selangor as one of Malaysia’s main investment destinations.

“It will generate the economy, boost the manufacturing sector and the industrial ecosystem in Selangor, as well as offer many job opportunities,” Amirudin said.

He added the data is also indicative that Selangor’s revenue collection is not solely reliant on mega investments.

“The state has also managed to prove itself from 2018 to 2021 by recording higher amounts of investments than the set targets, at one point between RM17 billion to RM19 billion. This is a clear sign of improving management ability, as well as retaining existing investments,” Amirudin said.

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