Melanie Chalil
Manager, PR & Communications Membership Affairs
+60 3 9235 1848 melanie.chalil@malaysia.ahk.de
In a milestone that marks 10 years of membership with MGCC, Invest Selangor Berhad (Invest Selangor) said it will continue to collaborate with the Chamber to create more investment opportunities from Germany to the Golden State of Malaysia.
The decade-long collaboration has helped spurred economic growth, attract foreign direct investment and strengthen relations.
“Looking forward, we are excited to continue our collaboration with MGCC to encourage more investment from Germany to Selangor,” Invest Selangor wrote on X, formerly Twitter, recently.
The meeting saw MGCC Executive Director Daniel Bernbeck presenting the Selangor State Executive Councillor (EXCO) for Investment, Trade, and Mobility Ng Sze Han, Invest Selangor Chief Executive Officer Dato’ Hasan Azhari Idris with a special anniversary certificate to commemorate the milestone. They also discussed views on Selangor’s mature investment landscape as well as the thriving German business community in the state.
MGCC shared with Invest Selangor that there is growing interest among German firms to set up shop in Selangor, best reflected in the Chamber’s market search projects that recorded more demand than initially budgeted.
Bernbeck also commended the state of Selangor for producing a conducive trading environment for foreign businesses.
A major contributing factor is the state’s reputation of possessing the largest talent pool in the country and its specialty of managed industrial parks.
According to Invest Selangor, seven more managed industrial parks are being developed all of which are ESG-compliant to help companies boost their credit ratings.
Moving forward, the state’s First Selangor Plan will serve as a guiding document for the next five years that involves projects and initiatives worth a total of RM212.44 billion to future-proof its economy.
To sustain the projected growth, the topic of TVET was also discussed to address the issue of skills mismatch among young Malaysian talents. As such, the Selangor government has launched reskilling programmes with several learning institutions including UITM, UniSel and the Selangor Technical Skills Development Centre (STDC).
From the standpoint of German TVET, which MGCC offers via its GDVT programme, Bernbeck proposed to enable the German-Malaysian Institute (GMI) to be more sustainable in financing so that companies can work together with the educational institute to facilitate training.
The seven core clusters of Selangor’s economy are electrical & electronics (E&E), life sciences, food & beverages, manufacturing, transport equipment, machinery & equipment, logistic services and digital investments,
The majority of German enterprises operate in the country including in the food and beverage, service, hospitality, medical, agricultural, manufacturing and automotive industries.
This article is part of a special series for MGCC members who have been with us for 10, 20 and 30 years.