SELANGOR APPROVES 948 MANUFACTURING AND SERVICES INVESTMENT PROJECTS WORTH RM34.65 BLN - EXCO

SHAH ALAM, Nov 24 (Bernama) -- A total of 948 investment projects in the services and manufacturing sectors, with a combined investment value of RM34.65 billion, were approved by the Selangor government from January to June 2025.

State Executive Councillor for Investment, Trade and Mobility, Ng Sze Han, said that of the total, domestic investments contributed RM18.91 billion, while foreign investments accounted for RM15.74 billion.

"This shows balanced confidence from both domestic and international investors," he said in response to a question from Danial Al-Rashid Haron Aminar Rashid (PH-Batu Tiga), who asked about the most active investment sector in 2025 and the outlook for 2026 during today's Selangor State Legislative Assembly (DUN) sitting.

Further elaborating, Ng said the services sector remained the main driver, with approved investments totalling RM26.3 billion, while RM8.3 billion came from the manufacturing sector as of the second quarter of 2025.

In the services sector, he noted that the information and communications technology (ICT) sub-sector dominated with RM11.4 billion in approved investments, followed by the real estate (development) industry with RM9.3 billion.

For the manufacturing sector, the transport equipment sub-sector recorded the highest approved investments at RM2.25 billion, followed closely by electrical and electronics at RM2 billion.

"This trend is expected to continue, with the electrical and electronics (manufacturing) and ICT (services) sectors expected to remain the most active in 2026," he said.

To support the momentum of investment inflows, Ng said the state government is implementing various facilitation measures, particularly in accelerating the development approval process, including a new initiative known as Speed Selangor.

He said the main objective of Speed Selangor is to standardise, accelerate and streamline the development approval and business licensing processes across all local authorities.

"This initiative is in line with the 'Ease of Doing Business' principle, which emphasises efficiency, transparency, and investor-friendly practices," he added.

-- BERNAMA