The Selangor state recorded a total of RM39 billion in domestic direct investment (DDI) last year, comprising almost 70 percent of the total investment value of RM55.3 billion recorded during the same period.
The ratio of DDI is large compared to foreign direct investment indicating the State of having a strong business ecosystem and is suitable for investment to grow. State exco, Sze Han “The national economy is on the right track. This makes it easier for investors to generate higher income,” he said.
Earlier this month, the Malaysian Investment Development Board (Mida) announced Selangor’s recorded investment of RM55.3 billion last year, exceeding the RM45 billion target set. Agency data also shows that manufacturing projects or the manufacturing sector recorded an increase from RM19.3 billion last year compared to RM12.2 billion in 2022.
