Selangor is one of Malaysia’s most developed and progressive states. It is strategically situated around Kuala Lumpur and has the competitive advantage by having the country’s primary port of entry.
Selangor prides itself as Malaysia’s largest economy. Selangor enjoys a well developed infrastructure for many major industry clusters. Selangor also enjoys overwhelming Foreign Direct Investments (FDI) in the past few years due to its strategic locations. Investors are able to find industrial areas in Selangor to set up their companies, offices or launch initiatives and projects as this state is strongly backed by excellent state government support and an advanced commercial ecosystem.
Investors will not need to worry about the workforce as Selangor is known for its highly skilled and innovative knowledge‐workforce as well as an attractive cosmopolitan living standard.
In terms of Selangor economy, Selangor experiences higher CPI and inflation rate compared to Malaysia as a whole.
Why Selangor?
Strategic Location
Selangor is situated strategically to ports, airports, railways, business centres and ICT hubs. Port Klang, the 12th busiest container port, is located within Selangor. There are 2 major airports, such as KLIA, KLIA2 and Subang airport suitable for air transportation and business trips. Besides, Selangor has complete railways infrastructure such as RapidKL bus, monorail, LRT, MRT, KTM and KLIA express thus it becomes so convenient for your company visitors and employees to come to your office. Cyberjaya, the national ICT hub of Malaysia has attracted many multinational firms such as HP and HSBC. These are the companies that set up their call centre and service desk in Cyberjaya. There are many data centres operated in Cyberjaya by Shell, DHL and BMW.
Sustainable Economic Growth
Selangor has continued its success in being the economic powerhouse of Malaysia. The existing physical infrastructure and pivot towards service-based industries have proven success in contributing its annual GDP growth rate of 5% to 7% annually. The vibrant economic ecosystems have attracted about 20% of small to medium enterprises to establish their presence in Selangor. Selangor is also home to many multinational companies such as BASF, Cargill, Panasonic and many more.
Developed Infrastructure
Major transportation hubs such as Port Klang, the Sultan Abdul Aziz International Airport in Subang and KLIA in Sepang are within reach. The good accessibility and the availability of the highway roads allow fast and effective logistics for companies especially in the export industry. For your employees transportation needs, LRT, MRT, public buses, KTM and monorail are also available. Many companies consider Selangor as its regional hub for manufacturing and distribution attributable to its strategic centralized location, accessible links of roads and ports, as well as mature industrial infrastructures.
Skilled and multilingual workforce
Selangor provides a versatile, skilled, industrious and multilingual workforce. Selangor has 3.6 million workforce, the largest skilled and multilingual workforce in Malaysia. The 3.6 million digitally-savvy workforce is powering the state’s transformational leap to become a fully-fledged smart state. A key thing to note is nearly all of the 3,000 technology start-up companies in Malaysia are based in Selangor. Besides, The literacy rate is also very high at 99% and most of its population is multilingual with English widely spoken.
Continuous Talent Development
Selangor prides itself with its versatile talent pool as it has the highest number of higher
education institutions in Malaysia. Selangor has 173 institutions of the highest learning and produces more than 60,000 graduates every year.
Progressive state
The Selangor government has been providing a favourable business climate for investors. Selangor has launched multiple Invest Selangor initiatives such as Selangor International Business Summit, Selangor Information Technology & Digital Economy Corporation (Sidec) and many more.
Selangor International Business Summit is an annual business event that serves as Malaysia’s largest local and international trade gateways for exhibitors, buyers and delegates to match business communities across the globe.
Selangor Information Technology & Digital Economy Corporation (Sidec) is the Selangor government agency established to drive the digital transformation of Selangor as ASEAN’s digital hub. Sidec focuses on three key sectors of the Digital Economy in Selangor, focusing on E-Commerce, Startup and SME Digitalisation.
In an interview with The Jakarta Post, Invest Selangor Berhad CEO Dato’ Hasan Azhari Bin Haji Idris said Selangor had developed the Smart Selangor Vision 2025 in ensuring the digital ecosystem within the state was ready by 2025.
“At its core, Smart Selangor is an initiative by the state to empower its people, businesses and the public sector by optimizing digital technologies toward delivering the Smart State objectives,” he mentioned.
Attractive investment opportunities
Selangor continues to attract quality investments in high-technology manufacturing such as aerospace parts manufacture and maintenance, automated port management, biotechnology, IR 4.0 manufacturing, fintech and artificial
Intelligence. Selangor has launched Program Digitalisasi Urus Tadbir Tenaga Kerja (PRODUTK), an initiative to drive the digitalisation of business and help SMEs in the adoption of Industry 4.0 technologies. As a result, Selangor has successfully attracted significant amounts of local and foreign direct investments with a record-breaking total of RM 18.95 billion in 2018.
Industrial parks in Selangor
The influx of investors in Selangor has promoted the development of industrial parks within the state. Many special economic zones have been designated to industrial parks and areas to promote industrial activity. These industrial parks in Selangor are fully equipped with infrastructure facilities such as roads, electricity supply and telecommunication services to support the whole ecosystem.
The popular industrial parks in Selangor are Pulau Indah Industrial Park, Eco-Business Park, Serenia City, Selangor Halal Hub, Klang Group Industrial Park and many more.
Free Industrial Zone is established and focused on facilitating import and export activities, enhancing the competitiveness of Malaysian businesses. Companies located in free zones are provided with duty-free imports of raw materials, components, machinery and equipment that are required in the manufacturing process, as well as exemptions of sales and services taxes (SST). Within Selangor, the major FIZ are Telok Panglima Garang, Pulau Indah (PKFZ), Sungai Way and Ulu Kelang Companies located in the Free Trade Zone.
Digital Free Trade Zone (DTFZ) is an initiative that promotes the growth of e-commerce business by offering a seamless cross-border e-commerce environment. DFTZ has attracted participation from more than 5,000 companies from various sectors, including world’s leading technology and e-commerce companies such as Alibaba (China), Lazada (ASEAN), and eBay (USA) onboard.
Want to explore the Selangor business hub, refer to this link.
Public healthcare, amenities, schools, local transportation
Selangor also envisions a smart community to ensure the community to be liveable, digital literate. There are more than 56 private hospitals and more than 12 public hospitals in the state. In terms of amenities, there are 16 public parks, many shopping malls, convenience stores and grocery stores nearby the residential areas. Besides, there are more than 280 government schools in Selangor for education for your employees’ families. LRT, MRT, Monorail, public buses, KTM are very convenient for your employees to travel to your company or run their errands.
Keen to explore and invest in Selangor, refer to this Invest Selangor to know more.
How IndustrialMalaysia help you find good investment deals?
We have extensive experience helping companies in Selangor find the right industrial area in Selangor and Klang Valley to set up their warehouses and factories. Leveraging on our vast industry knowledge and agent network, we guide our investors through all processes in investing in industrial properties in Selangor. We help companies understand your goal for the purchase, understand investment site attributes, and close the deal. Our team provides sector-focused advice on transactions that achieve strategic growth objectives for your business. We constantly watch the investment field, investor preference in setting operations, real estate rental market, conditions, and trends. We are also experienced in helping businesses evaluate strategic alternatives in the context of property transactions.