By Selangor Journal Team
SHAH ALAM, Dec 23 — Selangor has reaffirmed its status as Malaysia’s top-performing state by securing RM66.8 billion in approved investments from January to September this year.
Invest Selangor Bhd said this achievement positions Selangor as the leading state in investment performance, followed by the Federal Territory of Kuala Lumpur with RM63.9 billion, Kedah (RM34.0 billion), Pulau Pinang (RM22.6 billion), and Johor (RM18.1 billion).
“A total of 1,371 projects were approved in Selangor, comprising 253 manufacturing projects and 1,116 services projects,” the state investment promotion agency said in a statement today, quoting data from the Malaysian Investment Development Authority (Mida).
“These projects are expected to create approximately 50,222 potential job opportunities, marking a substantial increase from the 997 approved projects and 23,060 potential job opportunities recorded during the same period last year.”
According to Invest Selangor, the state’s approved investments comprise RM15 billion from manufacturing-related projects, RM51.7 billion from the services sector, and RM38.7 million from the primary sector.
“This reflects a significant 58.7 per cent increase, compared to the RM42.1 billion recorded during the same period last year.
“Domestic investments accounted for the majority of the approved investments at 68.3 per cent or RM45.6 billion, while foreign investments contributed 31.7 per cent or RM21.2 billion.
“Both domestic and foreign investments demonstrated remarkable growth, with domestic investments surging 74 per cent from RM26.2 billion, and foreign investments increasing by 68 per cent from RM12.5 billion in the same period last year,” it said.
Previously, Menteri Besar Dato’ Seri Amirudin Shari announced that the state has recorded investment collections amounting to RM66.8 billion as of September, surpassing the RM55 billion target set for this year, but stopped short of providing further details.
Invest Selangor said the top contributors to foreign investments in Selangor during this year are the United States (RM4.8 billion), Singapore (RM1.8 billion), China (RM1.76 billion), Japan (RM564.6 million) and Germany (RM421.3 million).
Sub-sectors like information and communication, real estate, support services, transport services, and distributive trade remain key drivers of Selangor’s services sector investment performance.
In the manufacturing sector, industries such as electrical and electronics (E&E), transport equipment, fabricated metal products, non-metallic mineral products, and machinery equipment are the main contributors.
