SHAH ALAM, Nov 8 — Selangor’s investment performance for this year is set to be satisfactory as RM35 billion has already been recorded in the first quarter (Q1), said state executive councillor for investment, trade and mobility Ng Sze Han.
He added that the achievement shows Selangor is on the right track and will receive several more high-value investments soon.
“Those, we will announce later. I’m confident our achievement this year will be quite good … confident we can achieve a satisfactory investment value.
“I hope we achieve an even higher investment value in the second half of the year. So far, we haven’t received the figure for Q3,” he told Media Selangor.
This year, the state is targeting for investment value to exceed RM60 billion, higher than last year’s aim of RM55 billion, as economic activity has been encouraging.
In July, the Statistics Department (DOSM) said Selangor maintains its position as Malaysia’s economic driver when it logged the highest 2024 gross domestic product (GDP) in the country at RM432.1 billion.
DOSM said this figure represents 26.2 per cent of the national GDP and strengthens Selangor’s role as an industrial and services hub.
Selangor also logged an encouraging economic growth rate of 6.3 per cent, exceeding the national average of 5.1 per cent.
