He also noted that Selangor, through its subsidiary Worldwide Holdings Bhd, is involved in 10 pilot projects worth RM10 billion, many of which are focused on green technology.

He said that so far, land revenue sources such as land tax, premiums, land and mineral permits as well as land-related service fees account for as much as 80 per cent of the state's overall revenue.

Ng berkata, SIBS juga menampilkan speaker utama termasuk Menteri Besar Selangor, Datuk Seri Amirudin Shari, Ketua Menteri Pulau Pinang, Chow Kon Yeow, Menteri Kementerian Pelaburan, Perdagangan dan Industri (MITI), Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

Mahmud said PKNS has many project sites under development, and Akademi PKNS sees this as a good opportunity to conduct education-based businesses in these development areas, including in Cyberjaya, Kota Puteri and Antara Gapi.

Therefore, he said, the government still bears up to RM10 billion for diesel subsidies despite saving RM4 billion a year as a result of the retargeting exercise.