The State of Selangor organised its prestigious Selangor Investors Appreciation Awards (SIAA) 2023-2024 Ceremony tonight, celebrating the key domestic and foreign investors that drove the state’s massive economic success over the past years.
The event, organised by Invest Selangor Berhad, honoured the dedication of companies whose unwavering commitment propelled the state’s economic vitality despite continued global headwinds.
For the record, the approved total investment recorded by Selangor in 2024 was RM101.1 billion nearly doubles the RM55.3 billion recorded in 2023, emphatically demonstrating Selangor’s strength as the most preferred investment destination in the region.
YAB Dato’ Seri Amirudin Bin Shari, the Dato’ Menteri Besar of Selangor, praised the collective effort driving this historic achievement. "Against a global backdrop of geopolitical tensions and inflationary pressures, the sustained commitment from our investors has empowered Selangor to achieve this extraordinary feat," stated Dato’ Seri Amirudin. "This monumental performance, which enables Selangor to contribute over one-fourth of Malaysia's national economy, is powerful validation of our diverse industrial base and highly skilled workforce."
The SIAA ceremony recognized excellence across a comprehensive range of categories, including the Highest Investment Award by Foreign and Local Companies, the Most Preferred Investment Location Award, Special Achievement Awards for the Managed Industrial Park (MIP) and the Selangor Soft Landing Programme, and Special Recognition Awards for Government and Technical Agencies in Selangor. The recipients were selected based on manufacturing and services projects approved by the Malaysian Investment Development Authority (MIDA) for the fiscal years 2023 and 2024.
Invest Selangor Berhad also extends its appreciation to all the official partners and sponsors of the SIAA 2023-2024 including the Platinum Sponsors: Sime Darby Property (Bukit Raja) Sdn Bhd and UMW Aerospace Sdn Bhd and Gold Sponsors: NCT Group, EcoWorld Development Group Berhad, Infinity Logistics & Transport Sdn. Bhd. Worldwide Holdings Berhad, Koridor Utiliti Selangor (KUSEL), Compass IP Sdn Bhd, Pet World International Sdn Bhd, Suruhanjaya Komunikasi dan Multimedia Malaysia Negeri Selangor, Seri Yakin Logistics Sdn. Bhd., Knight Frank Malaysia, Skypark RAC Sdn Bhd, Gamuda Land Leisure Sdn. Bhd., UOB Malaysia, Chery Corporate Malaysia Sdn Bhd, Fusion Trend Sdn Bhd, Maxwell Glove Manufacturing Berhad, Fajar Palmkel Sdn Bhd and Perodua Sales Sdn Bhd.
Our Silver Sponsors are: Able Development Sdn Bhd, Jabatan Perancangan Bandar dan Desa Negeri Selangor, NXP Malaysia Sdn Bhd, Majlis Bandaraya Petaling Jaya, STT GDC Malaysia Sdn Bhd, Lembaga Urus Air Selangor (LUAS), Sunway Integrated Properties Sdn. Bhd., Travelnia Tours Sdn Bhd, Newfair (Malaysia) Sdn Bhd, I Concept Solutions (M) Sdn. Bhd., FM MEDIA Sdn Bhd, Curio Pack Sdn Bhd, General System Engineering Sdn Bhd, Majlis Perbandaran Kajang, Majlis Perbandaran Hulu Selangor and Selangor State Development Corporation (PKNS).
And our, Bronze Sponsors: Jabatan Keselamatan Dan Kesihatan Pekerjaan Negeri Selangor, Equinix Malaysia Sdn Bhd, Majlis Bandaraya Shah Alam, Berapit Mobilility Sdn Bhd, Majlis Perbandaran Sepang, Impeccable Vintage Properties Sdn Bhd, Autowell (Malaysia) Sdn. Bhd., Orange Component Sdn.Bhd., Talke Logistics Malaysia Sdn. Bhd., Maruss Sdn Bhd, MEMC Electronic Materials Sdn Bhd, Xeraya Capital Sdn Bhd, Sime Darby Property (City Of Elmina) Sdn Bhd, Iij Global Solutions Singapore Pte. Ltd., SELGATE Corporation Sdn Bhd, Central Spectrum (M) Sdn. Bhd., Kuala Lumpur Convention Centre and Proworks Innovation Sdn Bhd.
YBhg. Dato’ Hasan Azhari Hj Idris, Chief Executive Officer of Invest Selangor Berhad, detailed the strategic measures sustaining the growth momentum. "Invest Selangor Berhad is executing a targeted, high-quality approach to investment attraction. Core initiatives, including the Selangor Soft Landing Programme, the Selangor Lab Partnership Programme, and the structured Managed Industrial Parks (MIP) guidelines, are key to offering a well-serviced, future-proof ecosystem to every investor." Dato’ Hasan further emphasized that flagship international events, the Selangor International Business Summit (SIBS) and the Selangor Aviation Summit (SAS), continue to firmly position Selangor as the Gateway to ASEAN.
The State Government also announced the active development of the Second Selangor Plan (RS-2), scheduled for launch by mid-2026 that will serve as the strategic masterplan to advance sustainable growth in trade and investment focusing on strengthening key industry sectors, enhancing digital infrastructure, and continually empowering local talents.
"Our shared vision is crystal clear: we are determined to keep Selangor leading Malaysia's progress, ensuring lasting prosperity and well-being for all our citizens," concluded Dato’ Seri Amirudin. "We are confident that this strategic partnership will deepen further as we collectively build a state distinguished by innovation, growth, and inclusive opportunity."
The ceremony also featured the exchange of Memorandum of Understanding (MoU) between Invest Selangor and UOB Malaysia, aimed at strengthening Selangor’s investment ecosystem. The partnership will facilitate UOB Malaysia clients intending to establish or expand operations in the state, while UOB Malaysia provides comprehensive financial solutions, including investment financing, advisory support, and corporate account services. Both parties will collaborate on domestic and international investment promotion initiatives, supported by joint promotional publications and digital marketing efforts. Additionally, UOB Malaysia will help expand the local supply chain by connecting SMEs to opportunities arising from foreign investment projects, strengthening SME participation in high-value industries.
About Invest Selangor Berhad:
Invest Selangor Berhad is the Selangor State Government’s investment promotion agency, facilitating business growth and investment opportunities in Malaysia’s most developed and competitive state. As a one-stop center, it provides advisory services, market insights, and facilitation for local and international investors looking to establish or expand in Selangor the gateway to ASEAN.
With a strategic location, world-class infrastructure, and a thriving business ecosystem, Selangor continues to attract high-value investments across diverse industries, reinforcing its position as Malaysia’s economic powerhouse. Since 1999, Invest Selangor has successfully facilitated over 7,069 manufacturing projects, contributing to the creation of 508,316 jobs and securing more than RM256.6 billion in investments.
Invest Selangor also drives the Selangor International Business Summit (SIBS) and the Selangor Aviation Show (SAS), key platforms connecting industry leaders, policymakers, and entrepreneurs across South East Asian region and beyond. Through strategic initiatives, it remains committed to a resilient, sustainable, and innovative economy, reinforcing Selangor as the preferred destination for global investors.