Selangor Still Ideal Investment Destination

SHAH ALAM,12 Dec: Selangor still remains as the main destination for investors among all other states when it recorded a total investment of RM7.68 billion which covers 24% of the total amount of investments in the country.

Investment, Industry and Trade Exco, Teresa Kok said that for the period of January till September 2012, Selangor has retained an excellent investment momentum with 186 manufacturing projects being approved.

These projects have provided 16,076 job opportunities for nine months recently.

This amount surpasses other states in terms of the total investment received.

She said that the total of approved investments in Selangor, 71% or RM5.47 billion were domestic investments.

Meanwhile 29 per cent or RM 2.21 billion were from foreign investments.

“Local investors are major contributors and this indirectly shows the local investors confidence and trust in the Selangor Pakatan Rakyat (PR) leadership.”

She said this at a press conference at the State Government Secretary’s office today.

Meanwhile, Sabah ranked second with total investments of RM4.84 billion followed by Sarawak, at third place with RM4.68 billion.

“Selangor recorded a total of 186 projects approved or 32% out of the total projects throughout Malaysia,” she, who is also the Kinrara Assemblywoman, said.

Teresa said that from the total amount of projects, 112 of them were new projects with a total investment of RM4.74 billion.

Meanwhile, 74 projects were expansion projects and others with a total investment worth RM2.94 billion.

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