SHAH ALAM, Dec 1 — Selangor has recorded approving a total of 118 manufacturing projects, higher than any other state, with a total investments of RM4.88 billion, said executive councillor for investment and trade Dato’ Teng Chang Khim.
He said that although Johor attracted RM6.67 billion in investments, it only registered 68 projects instead.
“In attracting investment, Selangor and Johor have similar strengths such as a strategic location, port facilities and highway networks linking various areas,” Teng said during Question Time at the State Legislative Assembly sitting, earlier today, as reported by Bernama.
He added that in an effort to bring in more new investments, the state government through Invest Selangor Bhd, its investment promotion agency, will continue to implement numerous programmes to ensure Selangor remains relevant and continues to retain investors’ confidence.
“This includes strategic planning through the First Selangor Plan (RS-1); the setting up of the Integrated Development Region in South Selangor, the Selangor Biotechnology Action Plan, and the Selangor Rail Industry Council, as well as investment promotion incentive programmes,” Teng said.
Meanwhile, the councillor also said the state government is ready to boost investments in rural areas like Sungai Burong and Kuala Selangor, should the need arise.
“At the moment, there is no potential to attract manufacturing investments in these two areas since there is no demand. If there are potential investments, for example, a manufacturing industry relating to food supply, we will most certainly help,” he said.
