SHAH ALAM: Selangor aims to attract RM50 billion worth of investments this year, up from last year's RM45 billion.
Menteri Besar Datuk Seri Amirudin Shari said the target was set given the improving economic development and the state's ability to contribute to the gross domestic product (GDP) by up to 0.5 per cent this year.
"If we increase our contribution from 0.4 per cent to 0.5 per cent to the national GDP, it would raise our share of contribution from 25 per cent to 26 per cent," he told reporters after delivering his New Year's resolution speech at the state secretariat here today.
In 2022, Selangor recorded history when the state's contribution to Malaysia's GDP exceeded a quarter of the country's economy at a rate of 25.5 per cent, with an increase of 0.7 per cent compared to the previous year.
Regarding the Shah Alam Stadium demolition, Amirudin said the relocation of the Tenaga Nasional Bhd (TNB) substation is being planned to avoid electricity supply disruption in the Section 13 area.
"We are negotiating with TNB to move it. If we build a new (sub-station), it will take another year before we can demolish the stadium, so we move it first.
"The demolition will be done immediately using machine tools and not explosives because it will affect the neighbourhood in that area," he said. --BERNAMA