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Selangor Magnet For Investment, Hits Record Of RM66.8 Billion Surpassing Target

Business Today ·  Dec 16 09:36
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The state recorded investment collections amounting to RM66.8 billion as of September, surpassing the RM55 billion target set for this year, said Menteri Besar Dato' Seri Amirudin Shari.

He said the report released by the Investment, Trade, and Industry Ministry positioned Selangor as attracting the most investments.

"Malaysia has recorded the highest total collection in history, with RM254 billion nationwide in the first nine months."Selangor was recorded as the state attracting the most investments, with RM66.8 billion. By the end of September, we had already exceeded the RM55 billion target," he said.

Amirudin added that his administration is currently focusing on the Second Selangor Plan (RS-2), expected to be tabled next year or in 2026, in addition to several other projects, including the Greater Klang Valley project.

"This project not only involves infrastructure like roads, lighting, and drainage but will also see the redevelopment of old areas to attract new investments. We need stability and cooperation from all parties.

"Two days ago, I met with the Transport Minister, and we came up with the idea to extend the Kita Selangor Rail from Sabak Bernam to Sepang so that the people can travel with ease. Stability is essential to ensure all of this proceeds without disruption," he said.

On Wednesday, the Menteri Besar announced that Selangor had recorded a revenue collection of RM2.593 billion so far, exceeding the target value of RM2.2 billion by 18 per cent this year.

This achievement reflects the dedication of civil servants and the administrative team, as well as the confidence of local and international investors in the current administration.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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