The state will be promoting 5 clusters of industries for investment namely E&E, biotech, aerospace, M&E and F&B
by S BIRRUNTHA / Pic by MUHD AMIN NAHARUL
SELANGOR’S participation in Expo 2020 Dubai is expected to provide the state with the chance to showcase its advantages and strengths to attract more investments into the country.
Selangor State Exco for Industry and Trade Datuk Teng Chang Khim (picture) noted that with 17 companies participating, Selangor Week is promoting the five clusters of industries for investment namely electrical and electronics (E&E), life sciences (biotechnology), transport and equipment (aerospace), machinery and equipment (M&E), and food and beverage (F&B).
In addition, he said the ecosystem in newly introduced clusters of services in logistic and digital investment are also being promoted in Selangor Week.
“The Expo 2020 Dubai is a great opportunity and platform for Selangor to present itself to the world.
“If Dubai is the crown jewel of the United Arab Emirates, Selangor is the golden state of Malaysia,” he remarked during the official opening of Selangor Week at the Expo 2020 Dubai yesterday.
Invest Selangor Bhd has officially kicked off the Selangor Week at the Malaysia Pavilion in Expo 2020 Dubai, from March 6 to 12.
The opening of Selangor Week was also attended by Selangor Crown Prince Tengku Amir Shah Sultan Idris Shah.
According to Teng, Selangor Week aims to not only position Selangor as the most advanced state in Malaysia but also provide a platform to strengthen its relations and share ideas with 192 participating countries.
He added that Selangor has always aspired to be the best investment destination in the region and in fact, it has been an economic powerhouse in Malaysia for over a decade.
“Selangor also keeps on developing favourable ecosystems for industries to set up their operations in the state.
“Selangor’s strategic location with two major international airports and Asean’s second largest container port (Port Klang), as well as several advanced domestic rail, road and air that link to economic centres within the country, makes the state one of the most attractive business hubs to connect investors to Asean and global markets,” he noted.
Additionally, he also highlighted that Selangor boasts about 3.6 million workforce, who are largely skilled and multilingual.
Therefore, he said at Expo 2020, Selangor’s strength and sustainability efforts will be at the forefront to push for investments in key priority sectors.
Previously, the Science, Technology, and Innovation Ministry, with its lead agency, the Malaysian Green Technology and Climate Centre, successfully curated 26 weekly thematic trade and business programmes at the Malaysia Pavilion.
In total, the Malaysia Pavilion at Expo 2020 Dubai is supported and participated by 21 ministries, 70 agencies and five state governments, including Selangor, bringing weekly business delegates from multiple sectors.
The Malaysia Pavilion at the Expo 2020 Dubai has generated more than US$8.03 billion (RM33.57 billion) potential trade and investment returns in the first eight weeks of its participation.
This was achieved following the signing of over 70 memorandum of understandings, memorandum of contracts and letter of intents, as well as more than 750 business meetings and over 500,000 visitations, which shows a strong testament to Malaysia’s brand in the global market.
Meanwhile, Invest Selangor said Selangor is keen to strengthen smart city technologies and infrastructures towards establishing itself as a global trading hub.
In line with that, Invest Selangor has produced and compiled a series of 36 short videos which were launched earlier in conjunction with Selangor’s participation at the Expo 2020 Dubai on the 23rd week at the Malaysian Pavilion.
According to Invest Selangor, these short video compilations demonstrate how Selangor develops favourable ecosystems for industries to set up their operations in the state.
These videos which will be available on Invest Selangor’s official Youtube account will manifest the progress towards making the state as the global trading hub.
The ideas will be presented through four main themes which are “Selangor for Business”, “Selangor for Efficiency”, “Selangor for Future” and “Digital Economy Case Study Series”.
These episodes explore the efforts and initiatives towards making Selangor as the global trading hub.