Selangor Records Investments Worth RM49.75 Billion, Remains Major Investment Destination


SHAH ALAM, 6 Mar: Selangor recorded a total investment of RM49.75 billion for 2008 – 2012 and managed to retain the performance of the state as a major investment destination in this country.

Investment, Industry and Trade Exco, Teresa Kok said that during 2012, Selangor recorded investments of RM11.7 billion with 252 manufacturing projects approved.

The figure is 28.5 percent of the total investment value in the country. It is also 31 percent of the total approved projects in Malaysia.

In 2012, Selangor also recorded the largest growth in jobs in Malaysia which totalled to 22,719 job opportunities or 30 percent from the national total.

“The State of Selangor recorded outstanding performance where Selangor topped other states in terms of number of projects approved and value of investment received,” said Teresa.

Teresa said for the period 2008 – 2012 also, Selangor recorded the highest number of approvals for manufacturing projects which is 1,420 projects with 123,067 potential employment opportunities created.

“From the total amount of approved investments, RM7.3 billion (62 percent) were from local investments and RM4.4 billion (38 percent) were from foreign investments,” she said in a press conference at the State Government Secretariat office.

A total of 156 projects were new projects with a total investment of RM8.1 billion and a total of 96 projects were expansion projects with a total investment of RM3.5 billion.

In terms of districts, Petaling recorded the highest amount of investment of RM4.3 billion with 97 projects. This was followed by Hulu Langat with RM2.2 billion and 6 projects and the Klang District with a total investment value of RM1.7 billion and 58 projects.

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