Economics

Worker dorms, cheaper land enable Johor to surpass Selangor in attracting investments, state assembly told

Various programs will be implemented to ensure the state remains relevant and continues to attract investor confidence.

December 01, 2022 | Bernama

Selangor Standing Committee on Investment, Trade, Industry and Small and Medium Industries chairman Datuk Teng Chang Khim (Photo by Zahid Izzani Mohd Said/The Edge)
Selangor Standing Committee on Investment, Trade, Industry and Small and Medium Industries chairman Datuk Teng Chang Khim (Photo by Zahid Izzani Mohd Said/The Edge)

SHAH ALAM (Dec 1): Industrial areas that come complete with worker dormitories as well as much cheaper industrial land enabled Johor to overtake Selangor in terms of manufacturing investment value in the first six months of 2022.

Selangor Standing Committee on Investment, Trade, Industry and Small and Medium Industries chairman Datuk Teng Chang Khim said the state recorded approved investments totalling RM4.88 billion during that period, while Johor attracted investments of RM6.67 billion.

However, in terms of the number of manufacturing projects approved, he said Selangor recorded 118 projects, higher than any other states, including Johor, which registered 68 projects.

“In attracting investments, Selangor and Johor have similar strengths, such as having a strategic location, port facilities and highway networks linking various areas,” he said at the Selangor state assembly sitting here on Thursday (Dec 1).

He was replying to Datuk Mohd Shamsudin Lias’ (Barisan Nasional-Sungai Burong) query on why total investments in Selangor fell to the second place, after Johor, in the January-June 2022 period.  

Teng said that in an effort to bring in more new investments, the state government through investment promotion agency Invest Selangor Bhd had continuously implemented various programmes to ensure the state remains relevant and continues to attract investor confidence.

He said this includes strategic planning through the First Selangor Plan (RS-1), the setting up of the Integrated Development Region in South Selangor, the Selangor Biotechnology Action Plan, and the Selangor Rail Industry Council, as well as investment promotion incentive programmes.

Source: Worker dorms, cheaper land enable Johor to surpass Selangor in attracting investments, state assembly told | The Edge Markets

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