Investment in Selangor Creates 27.2 Employment Opportunities

SHAH ALAM, 19 Nov: Selangor recorded RM53.25 billion in investment, far leaving the nearest rival Sarawak, with RM46.35 billion, followed by Johor (RM41.18 billion) and Penang (RM38.19 billion), from 2008 to last August.

Selangor, which holds nearly 20 percent of the capital investment in Malaysia, has approved 1,560 projects, ie 33.1% of the number of projects approved in Malaysia, and has created 133,275 jobs or 27.2% of the total jobs in Malaysia.

The Chief Minister, Tan Sri Abdul Khalid Ibrahim, said that foreign investment is still ahead of domestic investment at a ratio of 52.5:47.5 in Selangor for the same period.

He said that in the first eight months of this year, Selangor fell to third place after Johor and Sarawak in terms of total approved investments.


“Even though in the first eight months Selangor fell to third place, after Johor and Sarawak in terms of total approved investments, Selangor was still superior with 140 projects, accounting for 10,208 jobs.

“During this period, domestic investors seemed to have gotten a boost when domestic investment controlled 67.2% of the total capital investment for Selangor,” he said when tabling the Selangor Budget 2014 at the State Assembly today.

He said that the Selangor State Investment Centre (SSIC) Berhad has also arranged a strategy and identifies some new focus industries in the services, manufacturing and agricultural industry to attract new investors.

“Among them is the highly technological electrical and electronic (E&E) industry based on knowledge, the food industry, biotechnology, green technology, pharmaceuticals, healthcare, medical devices and equipment, logistics, tourism and the automotive industry,” he said.

The state government has also allocated RM1.6 million for development tailored for investment, while RM2.5 million for studies and research, including the implementation of master plans and research, as well as economic development.

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