Selangor to focus on high-quality investments, says Amirudin

Selangor to focus on high-quality investments, says Amirudin

The state is pursuing high-quality investments aligned with its key industries, says menteri besar.

Investors like Toyota, Texas Instruments and Aerodyne have played an instrumental role in Selangor’s economy, contributing 11.9% growth in 2022, says Selangor menteri besar Amirudin Shari.  (Bernama pic)
PETALING JAYA:
Selangor aims to attract selected high-quality investments aligned with the current industries identified by the state, said its menteri besar Amirudin Shari.

He said the state is pursuing investments in public transportation, climate change solutions, higher-quality manufacturing, especially through automation, or new fields in biotechnology and pharmaceuticals to prepare for the next endemic or pandemic, and not just any type of investment.

“It is clear that the business of investment is not solely based on the past,” he shared in his opening speech during the 7th Selangor International Business Summit (SIBS) 2023 held in Kuala Lumpur today.

“That is why I have made it crystal clear to my entire Selangor team that, while we have performed well, we cannot take things for granted or become complacent, hoping that our past successes can guarantee future success,” he said.

Amirudin noted that his team has already put in the hard work to attract foreign investors to establish their presence in Selangor.

“Just the other day, I inaugurated Daiso, Japan’s largest global distribution centre, which will be built in Pulau Indah, Selangor,” he said.

Similarly, other investors such as Toyota, Texas Instruments, Wistron, Airbus, Aerodyne, and ALP have played an instrumental role in Selangor’s economy, contributing to the state’s 11.9% growth in 2022, surpassing the national growth rate by 3.2%, he added.

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