S’gor lowers FDI outlook


SHAH ALAM: Selangor has set a lower foreign direct investment (FDI) target of between RM12bil and RM13bil this year compared to the RM17bil-RM18bil of the past three years due to the global impact of Covid-19.

Mentri Besar Datuk Seri Amirudin Shari (pic) said until April this year, the state recorded an FDI value of about RM9bil despite the more challenging economic situation now than that of the previous year.

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