How much ICT investment did Selangor attract last year?

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Selangor Attracted RM5.42 Billion in ICT Investments from January to September Last Year

Selangor secured a total of RM5.42 billion in investments for the information and communications technology (ICT) industry during the first nine months of last year. This figure comprises RM3.27 billion from local sources and RM2.15 billion from foreign investors. The ICT sector's performance highlights its significant contribution to the state's economic landscape.
Local and Foreign Investment Breakdown

Of the total RM5.42 billion approved for ICT projects between January and September last year, RM3.27 billion represented domestic capital. Foreign direct investment accounted for the remaining RM2.15 billion, indicating a healthy mix of local and international confidence in Selangor's ICT sector.
ICT's Contribution to the Services Sector and Job Creation

The ICT industry played a substantial role in Selangor's services sector, contributing 22 per cent to its total investment. Beyond financial figures, these approved projects generated a significant number of potential employment opportunities, with 4,940 jobs anticipated to be created.
Investment Growth Trends in the ICT Sector

Investment within Selangor's ICT industry demonstrated a positive growth trajectory throughout 2023. The sector experienced a 5 per cent increase in investment during the first quarter and saw a more substantial rise of 39 per cent in the third quarter of the year, signalling robust expansion.

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How much ICT investment did Selangor attract last year?

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