Sultan Sharafuddin reveals local investors comprised 58.3% of Selangor’s RM83.9 billion total investments last year, exceeding state targets
SHAH ALAM: The Sultan of Selangor, Sultan Sharafuddin Idris Shah, expressed satisfaction that local investors dominated the state’s investment landscape last year.
His Majesty revealed that domestic investments comprised RM48.9 billion, or 58.3%, of Selangor’s total investment value in 2025.
The total investment secured was RM83.9 billion, surpassing the state’s RM65 billion target. This significant inflow also created 61,311 new job opportunities for the people of Selangor.
Sultan Sharafuddin delivered these remarks at the opening of the first meeting of the fourth session of the 15th Selangor State Legislative Assembly.
He highlighted the ongoing potential for growth within the manufacturing and industrial sector, which currently contributes 21.6% to the state’s economy.
“Therefore, I hope there will be new efforts to further boost the manufacturing sector activities that can offer job opportunities to my people,” said His Majesty.
He emphasised the importance of attracting new investments, particularly in high-technology sectors, to expand this key economic driver.
On state finances, the Sultan was informed that Selangor collected RM3.02 billion in revenue last year.
This figure represents an increase of RM154 million from the previous year’s collection and exceeded the government’s original target.
The state government has set a revenue target of RM2.8 billion for the current year, with expectations of even more encouraging achievements.
Sultan Sharafuddin also decreed that addressing relative poverty must remain a central focus in the upcoming Selangor Budget 2026.
Official data shows the relative poverty rate in Selangor has been reduced from 14.2% in 2022 to 8.5% in 2024.
“This must continue to be the focus of my government so that the people can live in better and more prosperous conditions in Selangor,” the Sultan stated.
In the housing sector, the state government completed 75,493 affordable housing units by the end of last year.
A further 40,000 units are targeted for construction this year to address the needs of the population.