MOU Signing between Invest Selangor Berhad and Bayern International witnessed by YAB Dato’ Seri Mohamed Azmin bin Ali, Dato’ Menteri Besar Selangor (Chief Minister of Selangor) and Bavarian Ministry of Economy held at the Ministry of Economic Affairs and Media, Energy and Technology, Munich on 18 May 2017.

Invest Selangor Berhad has signed a Memorandum of Understanding (MoU) with the State Government of Victoria, Australia to collaborate in the areas of Information and Communication Technology, and food and agribusiness as well as Education and Training.

Invest Selangor is a one-stop agency which provides information and advisory services to potential and existing investors as well as assistance in setting up operations in Selangor.

Y.Bhg. Dato’ Hasan Azhari Idris, CEO of Invest Selangor signed the MoU with Mr Brett Stevens, Commissioner to South East Asia, State Government of Victoria, witnessed by Yang Berhormat Dato’ Teng Chang Khim, Selangor’s Senior Executive Councillor for Investment, Industry & Commerce, SME & Transportation and Ms. Kathy Coultas, Director, ICT/Tech Sector Development from the Department of Economic Development, Jobs, Transport and Resources, State Government of Victoria, here today.

In his speech to welcome the Victorian delegation, which was on a one-day trade mission to Malaysia, Y.B. Dato’ Teng Chang Khim said that the signing augurs well with the State’s efforts in attracting more players to make Selangor the base of ASEAN especially for high-tech industries such as e-commerce, aerospace and biotech.

   

From Left: Y.Bhg Dato’ Hasan Azhari bin Haji Idris, Chief Executive Officer, Invest Selangor Berhad, Y.B Dato’ Teng Chang Khim, Selangor State Senior Executive Councillor for Investment, Industry & Commerce, SME & Transportation, Ms Kathy Coultas, Director, ICT /Tech Sector Development, Department of Economic Development, Jobs, Transport and Resources, State Government of Victoria and Mr Brett Stevens, Commissioner to South East Asia, State Government of Victoria during the MOU Signing Ceremony between Invest Selangor and Government of Victoria held today at Istana Selangor, Kuala Lumpur

“Today’s MoU indicates the second MoU signing within a week for Invest Selangor as another MoU was signed with the State of Bavaria during the recent Selangor State’s trade mission to Germany to strengthen and encourage collaboration in a number of specific areas including automation and robotics, industry 4.0, IOT and Big Data, aerospace and biotechnology”, Y.B. Dato’ Teng explained.

The first MOU with the Free State of Bavaria in Germany was witnessed by Y.A.B Dato’ Seri Mohamed Azmin Bin Ali, Dato’ Menteri Besar Selangor (Chief Minister of Selangor) and the Bavarian Ministry of Economy during the recent mission of Invest Selangor to Europe. Y.Bhg. Dato’ Hasan Azhari bin Hj. Idris, CEO Invest Selangor, signed the agreement with Bayern International CEO, Mr. Joachim Heussler. Bayern International is the trade promotion and market expansion agency of the state of Bavaria. Mr Heussler highlighted that this is one of the first MOU’s the organization has signed so far and furthermore announced an extensive workshop in Selangor for August 2017. In addition, Bayern International also appointed the in Malaysia operating entrepreneur Bernhard Schutte to be a first point of contact for all collaboration projects.

“Selangor being the most developed state of Malaysia is heading towards a future disrupted by technological changes and innovations. We have to embrace this development and finally become an agent of change or we will not be able to compete in the global arena”, added Y.B. Dato’ Teng.

In 2016, Selangor had outperformed its RM 6 billion target, achieving investments of RM7.88 billion in the manufacturing sector, however, a slight decrease from RM 7.96 billion in 2015.

Selangor ranked second in Malaysia in terms of total direct investment in the manufacturing sector after Johor. However, based on the number of approved manufacturing projects, Selangor remained number one with 242 projects followed by Johor with 165 projects.

Selangor has placed more effort into high-tech and sustainable industries and have set up four councils—the Selangor Information Technology and E-Commerce Council (SITEC), the Selangor Bio Council, the Selangor Aerospace Council and also the Halal International Selangor Council to create a mechanism to push the industries forward and create the right playing field.

“The Smart Selangor Blueprint, an outline of the State’s vision to develop Selangor into a Smart State of the future, had also been launched in 2016 to further cement our seriousness in bolstering the State Government’s efforts in ensconcing itself as the most formidable and highest producing state in Malaysia,” he added.

Y.B. Dato’ Teng also took the opportunity to invite the Victoria’s delegation to participate in the forthcoming Selangor International Business Summit 2017 which will run from September 7 - 17, 2017 at the Setia City Convention Centre (SCCC), Shah Alam.

The 10-day event will be divided to three components namely the Selangor Smart City & Future Commerce Convention 2017 which will be held from September 7-9, the Selangor-ASEAN Business Conference which will run from September 11-12 and the Selangor International Expo 2017 which will run from September 14-17.

“The event is aimed at positioning Selangor to become a global trading hub, especially in becoming the Gateway to ASEAN, as a business and trading hub for the ASEAN region.

“As Malaysia’s largest economy the most progressive state, Selangor enjoys a highly developed infrastructure, advanced commercial ecosystem and a well‐established investment haven backed by excellent state government support to help business community do their businesses here,” said Y.B. Dato’ Teng.

As of 2015, Selangor singularly contributed a massive RM 240 billion, or, 22.6% to the national GDP, with a GDP growth rate of 5.7%.