Selangor International Business Summit: State attracts over RM3b in potential investment from four foreign investors

Selangor has attracted over RM3 billion in potential investment from four foreign investors through Letters of Intent (LOIs) at the Selangor International Business Summit (SIBS) 2026. The summit, held at the Kuala Lumpur Convention Centre (KLCC) from 14 to 17 October 2026, aimed to showcase Selangor as a gateway to ASEAN for business opportunities.

Key investors included Shenghui Biotechnology (Malaysia) Sdn Bhd, Galaxy Data Centre, XTC New Energy, and Wuxi Weifu Environmental Catalysts Co. Ltd. Selangor's Menteri Besar, Datuk Seri Amirudin Shari, emphasized the state's focus on long-term partnerships and Malaysia's brightest minds, rather than cheap land or labor. Amirudin also highlighted Selangor's commitment to advancing the semiconductor value chain, with initiatives such as the Malaysia Semiconductor IC Design Park in Puchong.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.