Selangor records 88pct implementation rate for approved manufacturing projects
KUALA LUMPUR: Nearly 88 per cent of manufacturing projects approved in Selangor between 2021 and June 2026 had started implementation, from construction to production, as of Oct 13, 2026, according to the Malaysian Investment Development Authority (MIDA).
The Selangor Investment Forum (SIF) revealed that nearly 88 per cent of manufacturing projects approved in Selangor between 2021 and June 2026 had started implementation, with the national figure at just over 88 per cent for 5,822 projects. This success bolsters Malaysia's reputation as a trusted investment destination, as evidenced by recent rankings.
Malaysia ranks second in Asia in the Asia Manufacturing Index 2026 and climbed to 15th place in the IMD World Competitiveness Ranking 2026. In the first half of 2026, Selangor led all states with RM70 billion in approved investments, while nationally, approved investments reached RM218.5 billion and are expected to create about 99,000 jobs.
The investments are driven by digital sectors such as AI, big data analytics, cybersecurity, fintech, cloud computing, and IoT, with data center and cloud computing projects accounting for RM95.8 billion.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
