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By Afix Redzuan
SHAH ALAM, Dec 4 — Selangor has recorded a total of RM16.4 billion in investment in the manufacturing sector from January to September 2019.
Its Menteri Besar Amirudin Shari said the data revealed by the Malaysian Investment Development Authority (Mida) shows that the Selangor state government has surpassed its target of achieving RM10 billion in investment this year.
He said the recorded investment puts Selangor at the top position among other states as of the third quarter of 2019.
"Last year, Selangor had achieved the highest recorded investment in 30 years, with a total investment of RM18.9 billion, despite the US-China trade war and the global economic slowdown.
"This proves that Selangor's political and administrative stability, the state government's investor-friendly policies and high-quality infrastructure facilities are among the factors that attracted investors to invest in the state," he said in a statement today.
Amirudin said the 100-Days Approval Policy that will be introduced in 2020 is part of the state administration’s commitment to ease business transactions, promote investment and boost the Selangor economic potential.
He said he hopes that the achievement would drive the state government to continue in making Selangor as the economic axis of Malaysia while championing the welfare of the people.
