Selangor scored double first and retained its position as the most attractive and sought after investment destination of Malaysia in 2019.

The latest statistic released by Ministry of International Trade and Industry yesterday revealed that Selangor topped the list in 2019 by obtaining a total approved investment of RM47.8 billion, leaving a wide gap of RM14.1 billion to trail for the second in position.

In the manufacturing sector, Selangor also obtained the highest approved investment of RM17 billion in Malaysia, slightly lower than the record high in 25 years it obtained in 2018, RM18.9 billion.

The Selangor state government through its investment promotion agency, Invest Selangor, will continue to be innovative and proactive in its continuous efforts to promote the state as the ultimate investment destination for both the foreign and domestic investors.

As part of its long term strategic planning, the state government is in the process of collaborating with the private sector to develop dedicated industrial parks especially for the strategic and high value industries.

Being the premier contributor to the national GDP, 23.% in 2017, Selangor will also step up its effort to strengthen the services sector which contributes 60% to the state GDP by embarking on an ambitious joint venture project to be announced at a later stage.