By Danial Dzulkifly
KUALA LUMPUR, Sept 21 — Businesses looking to establish or expand their presence in Selangor stand to benefit significantly with both the state and Federal administrations governed by the same ruling party, noted state executive councillor for investment, trade and mobility Ng Sze Han.
With better cooperation between the two, he said the procedures managed by the state’s investment arm Invest Selangor Bhd are expected to become even more seamless and effective for potential investors.
“With the Federal and state governments under the same ruling coalition, attracting investments becomes notably simpler and more efficient.
“This has been evident over the past months, with operations running smoothly,” Ng said during a press conference at the official launch of the Selangor International Business Conference (SIBS) 2023 at the Kuala Lumpur International Convention earlier today.
A further testament to this is when the Federal government unveiled its new economic policy under the Madani Economy framework, where many of its initiatives echoed those outlined in the First Selangor Plan (RS-1), which was previously announced by Menteri Besar Dato’ Seri Amirudin Shari.
“We are on a shared trajectory, prioritising a swift economic recovery for Selangor,” he said.
The annual SIBS 2023, slated for October 19 to October 22 at the Kuala Lumpur Convention Centre, is expected to draw around 50,000 attendees and 900 trade participants, with RM1.5 billion in potential trade value.