Invest Selangor: Driving Malaysia's Economic Growth through Strategic Investments

Tuesday, 24 September 2024, 08:00

South China Morning Post reports on how Invest Selangor is an economic powerhouse. Invest Selangor has transformed Malaysia into a hub for investments, attracting both local and international businesses. Their strategic initiatives have significantly enhanced the region's economic landscape.
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Invest Selangor: Driving Malaysia's Economic Growth through Strategic Investments

Invest Selangor: Catalyst for Economic Development

In the vibrant economic landscape of Southeast Asia, Invest Selangor stands out as a crucial entity directing growth and attracting investments in the state of Selangor. With a remarkable contribution of 25.9% to Malaysia's GDP in 2023, Invest Selangor’s role in shaping business ventures cannot be understated.

Key Achievements and Collaborative Strategies

  • Strong foreign investment inflow: In 2023, Selangor secured RM55.3 billion in investments, exceeding expectations.
  • Job Creation: Over 33,000 jobs were generated through new investment ventures.
  • Regional Collaboration: The organization’s efforts are directed towards enhancing synergy among various sectors to promote inclusive growth.

Dato’ Hasan Azhari Bin Haji Idris, CEO of Invest Selangor, emphasizes the importance of de-risking the investment environment. “We strive to make the planning and set-up process as seamless as possible, offering assistance in licence applications and navigating infrastructure needs.”

Priorities for Future Growth

  1. Focusing on core sectors in manufacturing and services, enhancing Selangor's global competitiveness.
  2. Innovation Incentive Programs: Initiatives like the Selangor Soft Landing Programme facilitate foreign investment.
  3. Accessibility and Connectivity: Leveraging Kuala Lumpur International Airport to attract global firms.

Invest Selangor is set to showcase its capabilities during the Selangor International Business Summit on October 16-19, positioning the state as a pivotal player in ASEAN's economic landscape.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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