Selangor Leading In Malaysia’s Economy
Selangor has been leading in contribution to Malaysia’s economy. The state has contributed 22.7% to the country’s gross domestic product (GDP) growth in 2016, a 0.1% increase from the previous year.
During the Selangor International Business Summit (SIBS) 2017 at the Setia City Convention Centre, Menteri Besar Datuk Seri Mohamed Azmin Ali said that after 60 years of national independence, Selangor continues to lead the nation in contributing to the country’s GDP.
Mohamed Azmin said the state government was pushing the economy forward by emphasising strongly on the aerospace, e-commerce, services and biotechnology sectors.
Before that, Selangor Senior Executive Councillor for investment Datuk Teng Chang Kim said Selangor was an ideal place for companies looking to penetrate the regional market as it provided many business opportunities.
He said Selangor has set a vision of becoming the Global Trading Hub and planned to build the Selangor World Trade Centre as envisioned by the Menteri Besar.