Four foreign firms signal potential Selangor investments exceeding RM3 billion
Letters of intent were presented to Invest Selangor Bhd, but the proposed investments remain unconfirmed and no project timelines were disclosed.
Four foreign companies have indicated potential investments exceeding RM3 billion in Selangor, presenting letters of intent at the opening of the Selangor International Business Summit (SIBS) 2026 on Oct 14.
The proposals remain unconfirmed. Neither individual investment amounts nor project schedules were disclosed. UOB Malaysia facilitated the letters, which were handed to the state's investment promotion agency, Invest Selangor Bhd.
The companies involved are Shenghui Biotechnology (Malaysia) Sdn Bhd, Galaxy Data Centre, XTC New Energy and Wuxi Weifu Environmental Catalysts Co Ltd.
SIBS is targeting potential transactions worth RM8 billion and attendance of 50,000 visitors. The summit's 10th edition runs from Oct 14 to Oct 17, with 526 exhibition booths and participants from Singapore, Indonesia, Japan, China, Germany, the US and Vietnam.
Its nine conference programmes feature 188 speakers and 110 hosted delegates. Topics include technology, investment, healthcare, industrial development and talent.
Invest Selangor said it has facilitated more than 7,069 manufacturing projects since 1999, securing investments exceeding RM256.6 billion and helping create 508,316 jobs.
