SHAH ALAM, Nov 20 — With Selangor nearly doubling its approved investment in the previous year, the state, through Invest Selangor Bhd, has gathered key industry players at the Selangor Investors Awards (SIAA) 2023-2025 to celebrate companies driving the state’s rapid economic growth in recent years.
According to the state’s investment arm, Selangor’s total approved investment of RM101.1 billion last year was nearly twice the RM55.3 billion recorded in 2023, which reflects the state’s position as the region’s most preferred investment destination.
Invest Selangor chief executive officer Dato’ Hasan Azhari Idris, in his welcome address, said the investments affirm Selangor’s appeal to both domestic and foreign investors, creating jobs, fuelling economic growth, and bolstering key industries.
“The state government, through Invest Selangor, continues to proactively support and facilitate the needs of industries as they navigate today’s evolving economic challenges.
“This prestigious event, organised by Invest Selangor, is a tribute to the invaluable contributions of both our domestic and foreign investors, whose unwavering commitment and confidence have been instrumental in propelling Selangor’s economic success,” he said during the ceremony at Setia City Convention Centre here tonight.
Also present were Menteri Besar Dato’ Seri Amirudin Shari and state executive councillor for investment, trade, and mobility Ng Sze Han.
Hasan said the state’s flagship international events, such as the Selangor International Business Summit (SIBS) and the Selangor Aviation Summit (SAS), will continue to position Selangor as the gateway to Asean.
“Invest Selangor is executing a targeted, high-quality approach to investment attraction. Core initiatives, including the Selangor Soft Landing Programme, the Selangor Lab Partnership Programme, and the structured Managed Industrial Parks (MIP) guidelines, are key to offering a well-serviced, future-proof ecosystem to every investor,” he said.
The SIAA includes several categories, including Highest Investment Award by Foreign and Local Companies, Most Preferred Investment Location Award, Special Achievement Awards for the MIP and the Selangor Soft Landing Programme, and Special Recognition Awards for Government and Technical Agencies in Selangor.
The recipients were selected based on manufacturing and services projects approved by the Malaysian Investment Development Authority (Mida) for the fiscal years 2023 and 2024.
Honouring top recipients
Forty-six winners were announced in the first session under the Special Recognition Award for Government and Technical Agencies in Selangor, including:
— Petaling and Klang District and Land Offices under the district offices category
— Shah Alam City Council (MBSA) and Petaling Jaya City Council (MBPJ) under the local authority category
— Selangor State Economic Planning Unit (Upen) and PlanMalaysia Selangor under the state department category
— Selangor Royal Malaysia Police (PDRM) under the federal government department category.
— Statutory bodies recognised included Selangor Water Management Authority (Luas) and the Selangor Housing and Property Board (LPHS)
As for the government-linked companies (GLCs) category, Selangor Tenaga Nasional Bhd (TNB) and Selangor Telekom Malaysia (TM) were named under federal GLCs, and state GLCs included Pengurusan Air Selangor Sdn Bhd (Air Selangor) and Selangor Utility Corridor (Kusel).
Seven recipients were announced for the Special Achievement Award for the MIP, including NCT Smart Industrial Park (NSIP) in Kuala Langat and the Elmina Business Park (EBP) in Gombak.
The Special Achievement Award for the Selangor Soft Landing Programme recognised five companies, including Neways Electronics Malaysia Sdn Bhd.
During the second session, the ceremony recognised top-performing districts and local authorities through the Most Preferred Investment Location Awards 2023, naming the Gombak, Petaling, and Hulu Langat District and Land Offices as the leading districts for investment.
For local authorities, the Ampang Jaya Municipal Council (MPAJ), Kajang Municipal Council (MPK), and MBSA were identified as the most preferred investment locations.
The state also presented the Highest Investment Awards for 2023, with Maruss Sdn Bhd, Advenxus Solutions Sdn Bhd, and Novid PPE Sdn Bhd emerging as the local companies recording the highest domestic direct investment in new manufacturing projects.
Apart from the awards, the ceremony also featured the signing of a Memorandum of Understanding (MOU) between Invest Selangor and UOB Malaysia to strengthen Selangor’s investment ecosystem.
The partnership will facilitate UOB Malaysia clients intending to establish or expand operations in the state, while UOB Malaysia provides comprehensive financial solutions, including investment financing, advisory support, and corporate account services.
