Menteri Besar Amirudin Shari said the bulk of the investments was expected to be in food and beverages, electronics and electrical, life sciences, machinery and equipment, as well as transport equipment.

“We can’t depend on the manufacturing industry alone.

“We have the infrastructure. Our challenge now is on how to increase the potential we have,” he told reporters on the sidelines of the Second Selangor International Business Summit 2018.

He said during the January-June period this year, Selangor secured investments of RM800 million for the manufacturing industry.

Amirudin cited the summit as one of the many initiatives undertaken by the state government to boost Selangor’s performance in terms of business and investments going forward.

“Selangor contributed RM270 billion, or 23%, to Malaysia’s gross domestic product last year. We will work hard to retain our contribution this year.”

Amirudin also said the state government had set a revenue target of RM2.25 billion for this year, of which RM1.6 billion was secured during the first seven months.

In 2017, Selangor generated revenue of RM2.8 billion, surpassing the initial target of RM2.5 billion.