SHAH ALAM, 5 Aug: The Selangor government t is trying to attract more foreign and local investment companies to explore business opportunities in the state.
The Exco for Investment, SME Industry & Trade and Transport, Datuk Teng Chang Khim, said it was to fulfill the objective of making Selangor a hub for global commerce.
He said the largest foreign investor in Selangor so far is Japan, while in Malaysia, as a whole, includes Singapore and the United States.
“In the Philippines, people are aware of Kuala Lumpur, but did not realise the city was part of Selangor and has no industry.
“Selangor is the main business capital and the state accounts for 23 percent of the gross domestic product (GDP),” he said.
The delegation included the Invest Selangor Berhad Chief Executive Officer, Hasan Azhari Idris.
A round table meeting at the Pan Pacific Manila Hotel was to investigate investment opportunities in Selangor and was attended by about 30 investors from the Philippines.
During the meeting, Chang Khim also introduced five major investment in the state sector including transportation equipment, electronics, food and beverage industry, machinery and engineering, and licensing.
“These are five industry groups given special attention in order to bring in foreign investment.
“Without Selangor, Malaysia will loose a quarter of GDP, our annual growth higher than the national growth rate,” he said.
Chang Khim said the delegation is eyeing opportunities in Bangkok, Thailand, before moving to Singapore and Jakarta.
NS
