Selangor Journal: Dear investors, here’s why you should choose Selangor — MB
KUALA LUMPUR, July 25 — Selangor has consistently remained an investment magnet and a land of opportunity for job seekers, said Menteri Besar Dato’ Seri Amirudin Shari in his pitch to potential investors today, citing the latest data provided by government agencies.
Speaking at a special session in conjunction with the First Series of the Selangor International Business Summit 2024, he cited the Malaysian Investment Development Authority’s (Mida) first-quarter report, which indicated that Selangor remains one of Malaysia’s top investment destinations.
The state secured 363 projects valued at RM12.4 billion in the first three months of this year and created 8,377 employment opportunities. The investment value represents a 66.8 per cent increase from the RM7.44 billion in the same quarter of the preceding year.
“This clearly shows two things. Number one is that the state has consistently been able to attract more investment projects, both in the manufacturing and services sectors.
“Number two, all these investment projects will create the highest number of employment opportunities for our people, thus providing ample opportunities to both local entrepreneurs and our workforce in the state,” Amirudin said at the Mida Invest Series: Selangor.
These statistics should be able to persuade potential investors who “have not made up your mind to settle down in Selangor” to make that important decision.
He said the RM406.1 billion contributed to Malaysia’s gross domestic product last year — representing 25.9 per cent of the overall — exemplified Selangor’s position as a key cog in the national economic wheel.
Amirudin went on to give Selangor’s commitment to continue providing complimentary assistance to investors, ensuring their seamless entry into the state.
“One of them is our assistance called the Selangor Soft Landing Programme, where we offer complimentary working space in selected locations for investors to use while identifying and finalising their manufacturing location.
“Invest Selangor Bhd also arranges scheduled state-level meetings to assist in coordinating the approval process for the development of investment projects. These meetings help resolve pertinent issues, with the involvement and commitment of all Federal and state agencies,” he said.
Earlier, the Menteri Besar gave assurances that the state is committed to building world-class infrastructures and maintaining them to meet investors’ demand for proper basic needs to allow their businesses to thrive.
These include elements like roads, access to a reliable supply of clean and safe water, Internet and telecommunications, public and logistics transportation access, as well as a dynamic and vibrant workforce with the intellectual capacity to innovate continuously.
But despite Selangor’s economic successes, Amirudin said the state government could not afford to be complacent.
This was why the state administration tabled its mid-term review of the First Selangor Plan — a medium-term socioeconomic plan to uplift living standards, increase environmental resilience and build a digital-first and more responsive government.
“I am glad to report that as of the end of June, 33.7 per cent of the main projects and initiatives have been completed, while the remaining 66 per cent are at various stages of implementation,” he said.
Meanwhile, Amirudin said Malaysia’s intention to join the BRICS intergovernmental organisation offers a golden opportunity for companies that have set up businesses in Selangor.
