SMART SELANGOR – Towards a productive, livable and sustainable future as a Smart State
Selangor is a pivot of growth for Malaysia and is the country’s most developed and urbanised state. In 2018, it recorded the highest investment among all states in Malaysia, contributing 23.7 per cent to the national Gross Domestic Product (GDP).
Selangor has a stable economic structure based on a development model that is industry-based, but service driven. Accordingly, services account for more than 60 per cent of Selangor’s GDP, while manufacturing stands at about 30 per cent. Both are closely linked to a healthy economic development in the state.
In line with the economic growth of recent years, the state government has set a goal to contribute 30 per cent of the country’s GDP by 2030. Furthermore, the state government aspires for Selangor to become the region’s leading smart state which provides 60 per cent of job opportunities and high skilled labour, the highest in Malaysia.
Selangor is also the country’s primary port of entry and strategically located around the capital city of Kuala Lumpur. It offers business-friendly facilities especially in infrastructure and ICT. The state has the highest number of Institutions of Higher Learning in the country with 160 institutions, three major airports and the second largest port in Southeast Asia.
The state of Selangor has formulated its Smart State Vision to achieve a sustainable ecosystem that will benefit the people, businesses and environment, while boosting the economy.
Due to this vision for the future of Selangor, 12 domains have been identified, which include energy efficiency and zero emission policies, circular economy, recycling, waste management and waste to energy projects. In addition, renewables will play an even bigger role in the future. Thus, sustainability aspects are one of the main agenda to make Selangor a Regional Smart State by 2025.
At Expo 2020, Selangor’s strength and sustainability efforts will be at the forefront to push for investments in key priority sectors.
WHAT TO EXPECT :
The week’s programme is led by Invest Selangor Berhad with several core Malaysian agencies and industries as well as institutions of higher learning participating. Invest Selangor Berhad is a one-stop agency that provides information, advisory services, as well as start-up or expansion assistance to potential and existing investors.
As Selangor is keen to strengthen smart city technologies and infrastructures in 12 domains, the state government welcomes development and investment projects in a wide range of sectors, from energy efficiency, sustainable building, renewables and waste management, recycling technologies & waste-to-energy to different technologies and solutions that assist in reducing emissions, traffic congestion, down to healthcare solutions to improve the life of residents.
To establish itself as a global trading hub, Selangor is strategically becoming the ‘Gateway to ASEAN’ by attracting investments from companies looking to penetrate the regional market. Apart from having a sustainable industrial and commercial ecosystem, Selangor’s robust trade and investment relationship with its ASEAN neighbours is one of the major forces for the influx of investments in various sectors. With these in mind, the Selangor Week is promoting the five clusters of industries for investment, namely, electrical & electronics, life sciences (biotechnology), transport and equipment (aerospace), machinery & equipment, and food and beverage (halal industry).
The Smart City, Selangor Maritime Gateway, ICT & E-Commerce, Industry 4.0 (smart manufacturing), tourism, and R&D and innovation are also areas that will be highlighted. This is carried out through an Investment Promotion forum, captains of industry engagement, sharing session, eye-to-eye business negotiation programme, product displays and Visit Selangor 2021 promotion.