SHAH ALAM, April 13 — Selangor is targeting RM80 billion in investments this year, up from RM65 billion in 2025, and is confident it would meet the goal despite an impending review of the state budget amid global uncertainties from the West Asia conflict.
Invest Selangor Bhd chief executive officer Datuk Hasan Azhari Idris said the state government is maintaining its investment targets, and considers the budget review a strategic recalibration rather than a sign of economic weakness.
“The state remains confident (it can maintain) its investment targets.
“The budget review is not a sign of economic weakness, but rather a strategic alignment exercise to ensure state allocations are channelled more efficiently into sectors with high compounding effects.
“This review also allows us to refocus resources on current needs, including by helping households cope with rising living costs, and supporting local industries affected by supply chain disruptions,” he told Media Selangor when asked whether the proposed 2026 Selangor Budget review would affect the state’s investment outlook.
On April 6, Menteri Besar Dato’ Seri Amirudin Shari announced the setup of the Selangor Energy Crisis Special Task Force, which, he said, would help review the state budget, address cost-of-living pressures, and support residents and industries amid the ongoing energy crisis.
The task force, chaired by former Bank Negara Malaysia governor Tan Sri Muhammad Ibrahim, will develop measures to address the impact of the conflict on the state economy.
Hasan stressed that the budget review is necessary to ensure Selangor can better navigate global challenges.
According to the Malaysian Investment Development Authority (MIDA), Selangor recorded RM83.9 billion in approved investments in 2025, reaffirming its position as one of the country’s premier investment hubs.
Selangor ranked second highest in Malaysia after Johor, which recorded RM110 billion in total approved investments, driven by the Johor-Singapore Special Economic Zone (JS-SEZ).
Selangor also secured the highest number of investment projects in Malaysia last year.
The ongoing crisis from the United States-Israel war on Iran has led to restrictions on the Strait of Hormuz, impacting key energy supplies essential for transport and agriculture.
