Selangor targets RM90 billion in investment this year as manufacturing and services momentum strengthens

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Selangor's RM90b investment target

Highlights

Selangor is targeting RM90 billion in investment in 2026, up from RM80 billion last year, driven by encouraging investment performance.
The state's RM70 billion in approved investments for the first half of 2026 reinforces Selangor's position as one of the country's leading investment destinations.
Selangor's economy is estimated to be worth RM460 billion and is expected to reach RM500 billion within two years, contributing 26.5 per cent of the country's GDP.

This article was translated from the original. Read the original version by our correspondent here.

Investment target raised following 2026 performance

As reported by The Edge Malaysia, Selangor Chief Minister Datuk Seri Amirudin Shari said the state is targeting RM90 billion in investment this year, up from the RM80 billion recorded last year, on the back of encouraging investment momentum.

He said the state government is confident it can continue to attract domestic and foreign investment by strengthening the economy's competitiveness and providing a conducive environment for investors. Selangor's performance and potential, he said, underpin the new target.

Selangor recorded RM70 billion in approved investments in the first half of 2026, providing the state government with a basis for raising its annual target. Amirudin also said this position reinforces Selangor's role as one of the country's leading investment destinations, particularly in manufacturing and services.

He added that the state's strong investment performance has also been driven by the state government's ongoing strategy of conducting overseas investment missions, including to France, Germany, Saudi Arabia and South Korea. At the same time, the state government is focusing on high-tech sectors, the digital economy and high-value-added industries to boost Selangor's competitiveness and attract quality investment.

Balancing economic growth with benefits for the people

Amirudin said Selangor contributes 26.5 per cent of the country's gross domestic product, making it one of the main drivers of Malaysia's economic activity. The state's economy is currently estimated to be worth RM460 billion and is expected to reach RM500 billion within the next two years.

He said the state's economic and investment performance must be accompanied by efforts to ensure that the people also benefit from growth. The government, he said, must balance efforts to attract investment and create job opportunities with initiatives that help people cope with the rising cost of living.

According to him, this approach is consistent with the principle of "Reaching for the sky, while anchored on our values", which emphasizes that achieving international standing must go hand in hand with protecting the well-being of the community. He added that the state government continues to review the implementation of various programmes to identify shortcomings and improve service delivery to the people, so that development does not merely produce strong growth figures but also improves the standard of living for all segments of society.

In our earlier coverage of Selangor's high-tech industrial strategy, we explained how the state is accelerating its transition from a manufacturing base to a hub for local technology development and intellectual property. The article highlighted its focus on high-value activities such as semiconductor chip design, advanced automation and green technology, including the development of the Malaysia Semiconductor IC Design Park in Puchong to strengthen talent and the chip design ecosystem.

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