Tengku Zafrul and Amirudin and Selangor Exco for Investment, Trade and Mobility Ng Sze Han viewing one of the displays at SABC 2024 – ADIB RAWI YAHYA/THESUN
“The GIS will complement existing policies such as New Industrial Master Plan 2030, the National Energy Transition Roadmap and National Industry ESG Framework,” he said in his keynote speech at the 8th Selangor Asean Business Conference 2024 today. Tengku Zafrul said Selangor’s first-quarter 2024 approved investments of RM12.4 billion make it one of the biggest investment contributors to Malaysia’s Q1’24 investments, which solidifies Selangor’s rank as Malaysia’s leading hub for innovation and economic growth.
“For instance, Google recently announced an investment of RM9.4 billion, with the economic benefits expected to double to RM15 billion and generate over 20,000 job opportunities. Although the direct job impact might not be extensive, the arrival of major tech companies and the establishment of data centres can be compared to constructing a ‘highway,’ which will facilitate the entry of other businesses into Malaysia.