Selangor records RM22.45b investments from Jan 2020 until now

 

Selangor recorded a total investment of more than RM22.45 billion with 411 manufacturing projects approved from January 2020 until now, the Selangor state legislative assembly was told.

State executive councillor for investment, industry and commerce and small and medium enterprises (SMEs) Teng Chang Khim said of the amount, RM10.43 billion were from domestic investments and RM12.02 billion from foreign investments.

“A total of 27,491 potential job opportunities have been created (based on investments during the period),” he said at the state assembly sitting in Shah Alam, Selangor today.

He was responding to a question from Rosni Sohar (BN-Hulu Bernam) on the value of investments coming into Selangor from January 2020 until now, according to the category and type of investment, as well as the state government’s efforts to retain investor confidence in the state.

Teng said the state government, through Invest Selangor as the investment promotion agency, has always carried out various programmes in its efforts to ensure that Selangor remains relevant and trusted.

He said the state government has implemented programmes through various channels such as webinars, conferences and exhibitions virtually while physical programmes were implemented in accordance with standard operating procedures (SOPs).

“Among the efforts carried out to ensure the investment sector continues to grow in Selangor include strategic planning with the implementation of action plans such as the Selangor Aerospace Action Plan and the preparation of the Selangor Biotechnology Action Plan.

“The state government through the standing committee has implemented 121 programmes or activities to encourage new investment activities and increase existing investments for the period of January to July 2021,” he said.

- Bernama