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BUSINESS

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

01/12/2022 01:17 PM

SHAH ALAM, Dec 1 (Bernama) -- Industrial areas that come complete with worker dormitories as well as much cheaper industrial land have 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 Selangor 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 state 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 today.

He was replying to Datuk Mohd Shamsudin Lias’ (BN-Sungai Burong) query on why total investments in Selangor fell to 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 its investment promotion agency Invest Selangor Bhd has continuously implemented various programmes to ensure Selangor 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, Selangor Biotechnology Action Plan, and the Selangor Rail Industry Council; and investment promotion incentive programmes.

-- BERNAMA


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