SHAH ALAM, April 24 — Malaysia’s economy remains stable despite global uncertainties, with the government and investment agencies continuing to work within their roles to manage economic challenges and sustain investor confidence.
The Selangor Malaysian Investment Development Authority’s (MIDA) director Sherulanuar Abd Karim said the agency still has several high-quality investment projects in the pipeline over the next two to three years, reflecting continued interest from investors.
"Selangor ranked second in Malaysia for approved investments last year and expressed hope that the state will achieve the top position in the near future.
"Many foreign investors and international business chambers view Malaysia as having a “sweet spot” for investment due to its stability and strategic position, and MIDA aims to maintain this by supporting both foreign and domestic companies," he told Media Selangor today.
Sherulanuar also cited the expansion of Atlas Copco, a Swedish industrial company that recently inaugurated its new facility in Shah Alam, Selangor.
"The new facility represents one of Atlas Copco’s largest expansions in the state, involving an investment of more than RM70 million and a site that is three times larger than its previous facility," he said.
The expansion is expected to support around 400 employees and create more employment opportunities for local workers.
Sherulanuar also noted that Atlas Copco’s compressors and air-powered industrial equipment are widely used across various industries, indicating that the facility will support broader manufacturing and industrial activities.
"MIDA hopes the company will eventually consider establishing manufacturing operations in Malaysia in the future," he said.
