SELANGOR recorded the highest investment among the states last year, contributing 23.7% of the gross domestic product, also the highest among the states.

Menteri Besar Amirudin Shari described it as a remarkable achievement, noting the GDP contribution had increased from 22.7% in 2016 and 23% in 2017.

“It proves Selangor is the most urbanised state in Malaysia, and we also offer a business-friendly environment in terms of infrastructure and information and communications technology facilities,” he said after launching a dialogue with the Hong Kong Chinese Importers and Exporters Associations in Shah Alam today.

Also in attendance were state investment, industry and trade and small and medium industries committee chairman Teng Chang Khim and Chinese People’s Political Consultative Conference National Committee vice-chairman Leung Chun-ying.

Amirudin said the state government aimed to attract RM10 billion in investments by year-end.

“In recent weeks, we have also received updates on the latest performance of foreign and domestic direct investments in Selangor, and the state was fortunate to have attracted about RM6 billion in the first half of 2019.

“This has given us the confidence that we can achieve the target of RM10 billion or more by the end of this year,” he said.

Meanwhile, Teng said the dialogue, organised by Invest Selangor Bhd, was the best platform to attract investors from Hong Kong to  Selangor while indirectly boosting bilateral ties between Selangor and Hong Kong in the manufacturing sector.

He said Chinese investments in Selangor last year reached RM 3.98 billion while investments from Hong Kong reached RM1 billion, adding the state will continue to focus on wooing investments especially from China. – Bernama, September 10, 2019.