MBI Selangor fuels state's economic and social growth

KUALA LUMPUR: Selangor Menteri Besar (Incorporation) (MBI Selangor) is committed to supporting the state's economic and social development, with the goal of becoming an investment holding company by 2028.

This aspiration is backed by Selangor's continued stellar performance and its reputation as a leading investment destination in Malaysia.

The state's robust economy, location, skilled multilingual workforce, world-class infrastructure and pro-business policies attract both local and foreign investors.

MBI Selangor's group chief executive officer, Datuk Saipolyazan M. Yusop said the organisation will continue supporting the state of Selangor in driving economic and social development, in alignment with the Rancangan Selangor Pertama (RS-1) (2021-2025).

"With its journey nearing completion, RS-1 has steered Selangor's strategic direction, ensuring sustained growth for the state. MBI Selangor will continue supporting the state under the RS-2 mission in efforts to cultivate a dynamic and inclusive talent pool and foster a sustainable entrepreneurial ecosystem," he told Business Times.

He said the state's economy demonstrated robust growth between 2021 and 2025, with an average annual rate of 7.3 per cent.

"Selangor continues to be the economic powerhouse of Malaysia, recording six per cent year-on-year growth and contributing RM432.1 billion in gross domestic product (GDP) last year.

"This accounted for 26.2 per cent of the nation's total GDP."

Saipolyazan said MBI Selangor is committed to enhancing the state's economic competitiveness through improved productivity, greater economic complexity and balanced development that prioritises social well-being.

He said the corporation is equally committed to sustainability and climate resilience while supporting GDP growth, investment and inclusive progress.

Among the high impact initiatives include water reclamation by Air Lestari Sdn Bhd to drive innovation and champion a circular water economy as part of Malaysia's sustainable alternative water solutions; smart connectivity by Smartsel Sdn Bhd with the deployment Selangor Multi-Cloud Services (SMC) to accelerate artificial intelligence (AI) adoption and drive digital transformation; and energy transition by Heliosel Sdn Bhd offering comprehensive clean energy services, including renewable energy, energy efficiency, energy storage, energy management, and operations and maintenance.

Several large-scale infrastructure projects are being implemented to further enhance the state's investment appeal, including the SMC, Shah Alam Sports Complex, Selangor Maritime Gateway, Sekinchan Integrated Landing Port, the United Nations Educational, Scientific and Cultural Organisation Biosphere Reserve under the Sabak Bernam Development Area and Selangor Aero Park @ KLIA Aeropolis.

Meanwhile, the Selangor Aerospace Summit (SAS) 2025, another component of Selangor International Business Summit 2025, will be held at the Grand Ballroom Hall of the Kuala Lumpur Convention Centre (KLCC) and is expected to serve as a key catalyst for the growth of the state's aviation and aerospace industry.

All related state projects under MBI Selangor will be displayed at Hall 3, Ground Floor, KLCC, in addition to the Selangor Investment & Industrial Park Expo 2025, which is a component of the larger Selangor International Business Summit 2025, held on Oct 8-11, 2025.

Invest Selangor chief executive officer Datuk Hasan Azhari Idris said SAS 2025 will provide a platform for local and international industry players to showcase innovations, share expertise and explore new business opportunities.

"The event will showcase the latest advancements in aviation and aerospace technology, facilitate extensive industry networking and drive forward aerospace-related enterprises and initiatives.

"The summit serves as a complementary, alternating event to the Selangor Aviation Show, in which the previous aviation show drew nearly 30,000 visitors and facilitated the signing of 41 memoranda of understanding worth RM3.2 billion," he added.