By Yasmin Ramlan
SHAH ALAM, Nov 16 — The Selangor government has recorded a staggering RM88 billion in total investments over the past five years, through the approval of over 1,500 manufacturing projects, the State Legislative Assembly heard today.
State executive councillor for investment Ng Sze Han said these projects have generated a total of 95,610 job opportunities.
“For the year 2018 to June 2023, a total of 1,506 manufacturing projects have been approved in Selangor, with an investment value of RM88,882,983,802 (RM88.88 billion).
“Out of this amount, RM35,879,623,616 (RM35.88 billion) was from local investment capital, while the remaining RM53,003,360,186 (RM53 billion) was from foreign investment capital,” he said today.
Ng was responding to Bukit Lanjan assemblyman Pua Pei Ling regarding the total investments in Selangor from 2018 to 2023 and the state government’s efforts to increase the foreign investments.
According to Ng, several measures have been taken by the state to attract foreign investors, including the drawing up of key policies like the First Selangor Plan (RS-1).
Other efforts include the implementation of new regional development plans like the Integrated Development Region In South Selangor, as well as large scale annual programmes like Selangor International Business Summit and Selangor Aviation Show, he added.
Ng further elaborated that the state government plans to develop a Selangor International Aero Park (SAP) next to Kuala Lumpur International Airport in Sepang, which is aimed at drawing in investors to the state.
“Talks regarding this development have commenced with landowners and other aerospace industry players.
“They have shown keen interest in investing in SAP, and this is part of our ongoing initiatives to attract more foreign investors,” he said.
