Feature On SSIC: Selangor – The Investors’ Choice
Selangor is the first and only state in Malaysia to have been accorded developed status. Primarily dependent on trade and industry, Selangor’s economy has enjoyed tremendous growth in the areas of manufacturing, property an infrastructure development, commerce, higher education services as well as in the tourism and recreation sector. And it’s all simply because the state offers investors the best investment climate, and one that is strongly supported by world class physical infrastructure.
By having their operations in Selangor, investors have easy access to Malaysia’s main international point of entry, the Kuala Lumpur International Airport (KLIA) as well as to Port Klang, one of the most important gateways into the country by sea.
With regards to KLIA, the Selangor State Government is currently developing a new industrial park – the Selangor Science Park 2, located in Bukit Baja , Sepang and close to KLIA – which will cater to investors of high-tech industries.
Port Klang is also being transformed into a Regional Transhipment and Distribution Hub; with a one thousand acre free zone for running both commercial and industrial activities at Pulau Indah which is located besides Westport, a major component of Port Klang. The State Government is committed to providing more efficient and effective services to investors. In fact, a number of policies and administrative initiative s have been undertaken by the State Government to facilitate the flow of investments including the setting up of a one-stop agency, SSIC Berhad (Selangor State Investment Centre).
The State Government has also in place a two-week processing policy that compels every application, inquiry or complaint to be settled within a 2- week time frame, if not earlier, in its efforts to cut red tape and reduce inefficiency.
Here is another indication of the tremendous investment potential of Selangor. For the year 2006 alone, investments in the manufacturing sector in Selangor increased to RM9.618 billion (USD2.8 billion) compared to the year 2005 which amounted to RM8.5 billion (USD2.5 billion).
Investors are invited to take advantage of all the facilities and opportunities available in Selangor. This golden state has all you need to make it your ideal profit centre and your springboard to success.
The Selangor State Government welcomes all investments with open arms. Investment opportunities are abundant in areas such as high-technology, ICT, tourism , education , halal products , manufacturing and agro-based industry.
The Selangor State Investment Centre (SSIC Berhad)
Selangor State Investment Centre (SSIC Berhad) is the Selangor State Government’s investment arm that handles all the State’s investment-related matters. It is a one-stop agency that provides information and advisory services to potential and existing investors, as well as assistance in setting up operations in Selangor.
Since it was incorporated in April 1999, SSIC Berhad has achieved much recognition from the Federal Government, and is used as a role model for other states which have formed similar agencies.
SSIC achieved ISO9002 quality certification from SIRIM within a year of its incorporation. The centre has also acted as the co-ordinator and secretariat for various State and international events such as the Selangor Industrial Award (AIS), East Asian Entrepreneurs’ Summits (EAES) , seminars, workshops and dialogues.
The role of SSIC becomes increasingly more prominent as Selangor fully embraces its status as a developed and industrialised state. At an international level, SSIC has formed strategic collaborations with foreign embassies and business chambers in Malaysia and throughout the world to facilitate set ups and joint ventures within the state for new businesses.
SSIC’s Objectives
To generate investment and encourage industrialisation in Selangor by facilitating the process of investments within the state.
Our Vision
To foster a conducive investment environment in the dynamic State of Selangor Darul Ehsan.
Our Mission
To position Selangor as a preferred Global Investment Centre and strengthen the industrial sectors to become key economic drivers in line with sustaining the State’s Developed Status.
SSIC’s Functions & Services
The main function of SSIC is to provide information and advisory services to potential and existing investors as well as assist them in setting up operations in Selangor. Among the services we provide include: