Invest Selangor

What Invest Selangor does

Invest Selangor Berhad is a Selangor State Government–linked investment promotion agency established in 1999 and headquartered in Shah Alam, Malaysia. The organization operates as a one-stop center for investors — both domestic and international — seeking to establish or expand business operations in Selangor state. Its core service offering spans investment facilitation, No Objection Letter (NOL) application processing, site selection support, business matching, and direct consultation through its Selangor Business Hub and 'Talk To Us' program. The agency is wholly owned by the Selangor State Government and does not charge fees for its core services, operating instead on a government-funded mandate to attract investment into the state.

The company's portfolio is structured around five core industry clusters — Electrical & Electronics, Machinery & Equipment, Rail/Automotive/Aerospace, Life Sciences, and GBS & Digital Technology — supported by specialized coordination offices including S-BIOCO (biotechnology) and S-DAICO (aerospace), industry councils (Selangor Bio Council, Selangor Industry Rail Council), accelerator programs (Selangor Life Sciences Accelerator Programme), workforce development (Selangor Career Outreach Programme), and major flagship events such as the Selangor International Business Summit (SIBS) and Selangor Aerospace Summit. Infrastructure programs include the Managed Industrial Park (MIP) initiative, Integrated Development Region in South Selangor (IDRISS), Selangor Gigabit Network (SeGNet), and Smart Selangor Hybrid Data Centre (SSDC).

Invest Selangor Berhad is governed by the Selangor State Government through its appointed leadership, led by CEO Hasan Azhari, with a workforce of 51-100 employees. Its cumulative impact through 2023 includes 7,069 manufacturing projects facilitated, 508,316 jobs created, and RM256.6 billion+ in manufacturing investment. In 2024 alone, the agency facilitated 339 approved manufacturing projects and RM18.8 billion+ in manufacturing capital investment, alongside RM19.99 billion in GBS & Digital Technology sector investment. The agency has no commercial revenue model, is not publicly traded, and functions as a strategic state instrument rather than a profit-seeking entity.

Name

Invest Selangor

Legal name

Invest Selangor Berhad

Website

https://investselangor.my

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Short description

Invest Selangor Berhad is a Selangor State Government–linked investment promotion agency headquartered in Shah Alam, Malaysia, providing free one-stop investment facilitation, NOL processing, and site selection services to MNCs, SMEs, and startups across five core industry clusters since 1999.

Ownership category

akta.pro rank

Product category

Investment Promotion Services

NAICS

Miscellaneous Intermediation (52391)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI)

Keywords

• Investment promotion services
• Foreign direct investment
• Business facilitation advisory
• Site selection support
• Government investment agency

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Government Funding: Invest Selangor Berhad operates as a government-linked investment promotion agency funded by the Selangor State Government. The organization does not generate commercial revenue but rather facilitates investment into Selangor state through its services.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Invest Selangor Berhad is a Selangor State Government-linked investment promotion agency that functions as a one-stop center providing information, advisory, and facilitation services to investors seeking to set up or expand operations in Selangor, Malaysia. Its offerings cover business setup assistance, No Objection Letter (NOL) applications, site selection support, business matching, and coordination of sector-specific initiatives across five core industry clusters: Electrical & Electronics, Machinery & Equipment, Rail/Automotive/Aerospace, Life Sciences, and GBS & Digital Technology.

Product overview

Invest Selangor is an investment promotion agency for the state of Selangor, Malaysia, offering a comprehensive ecosystem of services, programs, and initiatives rather than a unified technology product. The portfolio includes investment facilitation services (Selangor Business Hub with NOL applications and site selection), sector-specific accelerator programs (Selangor Life Sciences Accelerator Programme), coordination offices for key industries (S-BIOCO for biotechnology, S-DAICO for aerospace), workforce development (SCOUT), major events (SIBS, Selangor Aerospace Summit), strategic development plans (RS-1), and digital infrastructure initiatives (Selangor Digital School, SeGNet, SSDC). The organization positions Selangor as a hub for life sciences, aerospace, digital technology, electrical & electronics, and machinery & equipment through these coordinated programs and 5 core industry clusters.

Differentiator

Problem solved

Functional benefit

Products and services

• Selangor Business Hub A comprehensive business support platform providing assistance for setting up businesses, NOL (No Objection Letter) applications, and site selection services for investors seeking to establish operations in Selangor.
• No Objection Letter (NOL) Application Service A business facilitation service providing investors with the necessary state approvals and documentation required to establish operations in Selangor.
• Selangor Life Sciences Accelerator Programme (SLSAP) A life sciences accelerator programme that helps startups turn scientific research into scalable businesses through mentorship, market access, and investor engagement, with potential investments of RM50,000 to RM250,000 per company.
• Selangor Biotechnology Coordination Office (S-BIOCO) A dedicated division of Invest Selangor Berhad focusing on investment promotion and ecosystem development for the Life Sciences sector, serving as Secretariat to the Selangor Bio Council.
• Selangor Darul Ehsan Aerospace Industry Coordination Office (S-DAICO) A division responsible for coordinating, executing, managing, and monitoring the growth, development, and promotion of Selangor's aerospace industry, serving as a one-stop center for aerospace investors.
• Selangor Career Outreach (SCOUT) A workforce development initiative bridging industry and academia, helping industry leaders share expertise and providing participants with interactive learning sessions to enhance employability.
• Selangor International Business Summit (SIBS) An annual international business summit serving as a platform for investment promotion and business networking, marking a decade of impact and expanding regionally through the SIBS@ASEAN initiative.
• Managed Industrial Park (MIP) Initiative An initiative transforming Selangor's industrial sector by promoting sustainability, clear guidelines, and excellent park management with incentives to boost investor confidence.
• Integrated Development Region in South Selangor (IDRISS) A state-led initiative backed by the Selangor State Government and Invest Selangor offering strong infrastructure, skilled talent, and a comprehensive masterplan focused on 7 key sectors for high-impact industry development.
• Rancangan Selangor Pertama (RS-1) - First Selangor Plan A comprehensive post-pandemic development plan with 262 projects and initiatives, 20 change drivers, aiming to make Selangor a Smart, Livable, and Prosperous state by 2025.
• Selangor Industry Rail Council A council established to strengthen Selangor's rail ecosystem and identify potential investors for the industry, chaired by the Selangor Chief Minister.

Quantifiable outcome

• 7,069 manufacturing projects facilitated
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and flagship.

• NEXEA (Nexea Venture Partners / Nexea Accelerator)coreStrategic or Co-development Partner · 1 January 2025NEXEA serves as the programme partner for the Selangor Life Sciences Accelerator Programme (SLSAP), a flagship initiative to position Selangor as a regional hub for life sciences. The seven-month accelerator attracted 168 applications and selected 21 high-potential companies, offering potential investments of RM50,000 to RM250,000 per company.
• Selangor Digital SchoolcoreStrategic or Co-development PartnerA state initiative establishing an educational center to upskill and enhance talent for embracing a digital future, complementing Selangor's digital industry ecosystem.
• Selangor Bio CouncilcoreStrategic or Co-development PartnerThe Selangor Bio Council is chaired by the Selangor State Executive Councillor for Industry and Trade, with S-BIOCO serving as its Secretariat. The council guides biotechnology sector development under the Selangor Biotechnology Action Plan 2021-2030.
• Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation)coreStrategic or Co-development PartnerPartnered with Invest Selangor to produce the Selangor Biotechnology Action Plan 2021-2030, aimed at positioning Selangor as a regional biotechnology hub.
• Universiti Putra Malaysia (UPM)coreStrategic or Co-development PartnerCollaborated in producing the Selangor Biotechnology Action Plan 2021-2030 and involved in talent development for the biotechnology sector.
• Malaysian Biotechnology Information Centre (MABIC)coreStrategic or Co-development PartnerPartnered with Invest Selangor, Bioeconomy Corporation, and UPM to develop the Selangor Biotechnology Action Plan 2021-2030.
• Selangor Gigabit Network (SeGNet)coreStrategic or Co-development PartnerDigital infrastructure initiative part of Selangor's comprehensive ecosystem supporting digital industry growth and attracting digital investments.
• Smart Selangor Hybrid Data Centre (SSDC)coreStrategic or Co-development PartnerState digital infrastructure project strengthening Selangor as a center for digital excellence, supporting data center investments and operations.
• Managed Industrial Park (MIP) DeveloperscoreChannel Partner/ Reseller/ DistributorNetwork of industrial park developers operating under the MIP initiative, which promotes sustainability, clear guidelines, and excellent park management with incentives since 2022.
• Token-X, Deep-X, and Retail-X (Selangor Triple Accelerator Programme)flagshipStrategic or Co-development PartnerInvest Selangor participates as Ecosystem Partner in the Selangor Triple Accelerator Programme 2026, bringing together three accelerators to accelerate growth of Selangor's next generation of startups and SMEs.
• Universiti Tunku Abdul Rahman (UTAR)coreStrategic or Co-development PartnerOrganizer of the International Rail Transit Forum 2026 (IRTF 2026), where Invest Selangor contributed to panel discussions on strategic investment in Malaysia's rail sector.
• Concordia UniversitycoreStrategic or Co-development PartnerLeading university in aerospace engineering with which Invest Selangor (through S-DAICO) hosted a collaborative engagement session, showcasing synergy between Malaysia and Canada in aerospace education, technology, and industry development.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• InvestKL: Kuala Lumpur's investment promotion agency focused on attracting multinational companies to set up regional operations. Closest functional peer at the city/state level, offering overlapping services in site selection, business matching, and investment facilitation.

Regional players

• Invest Hong Kong (InvestHK): Hong Kong's government investment promotion department. Comparable as a state-level agency offering one-stop advisory, NOL-like approvals, and tailored support to foreign investors establishing operations.
• Iskandar Regional Development Authority (IRDA): Malaysian statutory body overseeing the Iskandar Malaysia special economic zone in Johor. Comparable as a regional investment promotion and economic development authority with a similar one-stop facilitation mandate.

Broad incumbents

• Indonesia's Ministry of Investment / BKPM: Indonesia's national investment coordination board. Comparable as a government-linked investment promotion and facilitation agency operating in the same Southeast Asian FDI market.
• KOTRA (Korea Trade-Investment Promotion Agency): Korea's national trade and investment promotion agency. Comparable as a government-linked investment promotion body supporting foreign companies entering the Korean market, with similar one-stop facilitation and sector targeting.
• Singapore Economic Development Board (EDB): Singapore's lead government agency for investment promotion and economic development. Comparable as a state-level investment promotion agency competing for the same pool of MNC FDI in Southeast Asia.
• Japan External Trade Organization (JETRO): Japan's government-related trade and investment promotion organization. Comparable as a state-backed agency facilitating inbound FDI, with overlapping one-stop advisory and event-driven investor engagement.
• Board of Investment of Thailand (BOI): Thailand's national investment promotion agency offering incentives and facilitation services. Comparable as a state-backed FDI attraction entity competing for the same regional manufacturing and services investment pool.
• Malaysian Investment Development Authority (MIDA): Malaysia's national investment promotion agency under the Ministry of Investment, Trade and Industry. Directly comparable as the federal-level counterpart that promotes investments across all Malaysian states including Selangor.
• Vietnam's Ministry of Planning and Investment / Foreign Investment Agency: Vietnam's national-level investment promotion and facilitation body. Comparable as a government-led FDI agency competing for ASEAN-bound manufacturing investment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/InvestSelangor
• YouTubeyoutube.com/channel/UCtzgM_3msCtq5py2AT7xIaQ
• Facebookfacebook.com/InvestSelangorBerhad
• LinkedInmy.linkedin.com/company/investselangor
• Instagraminstagram.com/investselangor

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Invest Selangor