Menteri Besar Selangor

What Menteri Besar Selangor does

Menteri Besar Selangor (Incorporation), or MBI Selangor, is the state-owned strategic investment corporation of the Selangor State Government in Malaysia, established on 21 September 1994 under Enactment No. 3 of 1994. It functions as the sole mandated vehicle for managing state assets and driving economic development across Selangor, which contributed 26.2% of Malaysia's national GDP in 2024 and recorded RM101.1 billion in approved investments in the same year. The organisation operates a diversified platform-plus-portfolio model with 30+ subsidiaries organised across ten commercial and strategic divisions: Land & Property, Water, Energy, Mining & Minerals, Investment Ventures, Start-up & VC, Healthcare & Education, Media & Digital AI, Social & Investment Promotion, and Retail & Financial Services.

Name

Menteri Besar Selangor

Legal name

Menteri Besar Selangor (Incorporation)

Website

https://mbiselangor.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

MBI Selangor is the state-owned strategic investment arm of the Selangor State Government, managing 30+ subsidiaries across water, energy, property, digital, tourism, and social services to drive Selangor's economic development under the THRIVE28 plan.

Ownership category

akta.pro rank

Product category

State Investment Management

NAICS

Management of Companies and Enterprises (55111), Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)

SIC

Finance Services (6199), Investors, Nec (6799)

akta.pro primary industry

Public Asset & Investment Management (BPAIAEAG)

Keywords

• State investment management
• Public asset stewardship
• Economic zone development
• State utility services
• Investment facilitation

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, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain, Others

Revenue model

1. Land & Property Development: Revenue generated through property development, township development, and land management across subsidiaries including PNSB, KHSB, Central Spectrum, and Selangor Maritime Gateway. Includes commercial and residential project development.
2. Water Utilities: Air Selangor, as the single holistic licensee, provides water services across Selangor, generating revenue through water supply services, treatment, and distribution.
3. Energy & Utilities: Revenue from energy generation through solar initiatives (Heliosel), waste management (KDEB), and renewable energy projects targeting 1GW capacity by 2030.
4. Mining & Minerals: Kumpulan Semesta manages exploration, extraction, production, and sale of sand, rock materials, and mineral resources.
5. Investment Ventures & Financial Services: KPS (listed on Bursa Malaysia) generates returns from manufacturing, infrastructure, and trading. Hijrah Selangor provides microfinancing. Revenue is returned as dividends to the state government.
6. Start-up & Venture Capital: Revenue through digital transformation programmes (SIDEC), startup acceleration, and venture capital investments targeting digital economy and technology ventures.
7. Tourism & Investment Promotion: Tourism Selangor generates tourism revenue through Visit Selangor Year campaigns targeting 8 million visitors and RM11.7 billion revenue. Halal International Selangor supports halal industry growth.
8. Healthcare, Education & Social Services: Revenue from Universiti Selangor (UNISEL), STDC skills training, welfare assistance through Yadnya MBI, and disability empowerment via YANIS.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels10 records

Core offering

MBI Selangor is the state-owned strategic investment arm of the Selangor State Government, managing and growing state assets and investments through a diversified portfolio of more than 30 wholly-owned subsidiaries spanning land and property development, water utilities, energy and waste management, mining and minerals, digital infrastructure, education and skills training, tourism promotion, microfinance, media, and halal industry development. The organization also facilitates large-scale public-private partnerships, MSME digital empowerment (via PLATS), investment promotion (via Invest Selangor), and ESG-aligned sustainability initiatives, channeling returns back to the State Government of Selangor.

Product overview

MBI Selangor operates as a diversified state-owned investment conglomerate managing Selangor's assets and investments through multiple subsidiaries. The organisation functions as a platform-plus-portfolio model comprising commercial clusters (Land & Property, Water, Energy & Utilities, Mining & Minerals, Retail & Financial Services, Start-up & VC) and strategic clusters (Media & Digital AI, Invest, Tourism & Social Promotion). Key products include Air Selangor for water utilities, SMARTSEL for digital infrastructure, Platform Selangor (PLATS) for MSME digital support, ePTRS for education access, RANTAiX for ESG intelligence, and various property, energy, waste management, and social development subsidiaries. The organisation's digital ecosystem integrates telecommunications (SMARTSEL), smart water metering (Cubiq), ESG assessment (RANTAiX), and smart mobility (SIP) capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Sidec: Selangor Information Technology and Digital Economy Corporation - drives digital transformation in Selangor
• Yayasan MBI
• THRIVE28
• Platform Selangor (PLATS)
• SABDA
• IDRISS
• ZPE SMG
• Group Strategic Blueprint (GSB)

Products and services

• Air Selangor Water utility company and the single holistic licensee of water services in Selangor, providing sustainable water abstraction, treatment, distribution, and infrastructure resilience to Selangor residents and industries. Committed to 1,460 GWh of green electricity per year by 2040.
• SMARTSEL Digital infrastructure subsidiary building and managing 4G and 5G telecommunications networks to power Selangor's Smart City ambitions, providing connectivity for industrial parks, urban areas, and bridging the digital divide.
• Platform Selangor (PLATS) Digital directory and promotional platform offering MSME business listing, business transactions, digital business management, business content and promotion, halal certification support, and government programme access to micro, small, and medium enterprises across Selangor.
• Cubiq Meters Smart water metering infrastructure subsidiary providing intelligent, data-driven solutions for sustainable water management, advanced metering infrastructure, and water utility optimization.
• RANTAiX AI-Enabled ESG Intelligence Platform AI-enabled ESG assessment and intelligence platform providing group-level ESG diagnostic, sustainability risk identification, capability gap analysis, and performance monitoring across MBI Selangor's subsidiary portfolio.
• ePTRS Portal and PTRS Mobile Application Digital learning platform for the Selangor People's Tuition Programme (PTRS), providing e-books, instructional videos, and interactive live sessions to 143,000 Form 4 and Form 5 students across 274 secondary schools for SPM preparation.
• Heliosel Renewable energy subsidiary building sustainable energy through solar initiatives, hydrogen economy planning, EV charging infrastructure, and Net Zero solutions in support of Selangor's 1GW renewable energy target by 2030.
• Air Lestari Zero CapEx model water reclamation solution provider, fully financing, designing, building, operating, and maintaining Water Reclamation Plants to enable cost-efficient, sustainable water reuse for industrial and municipal customers.
• KDEB Waste Management Waste management subsidiary managing domestic waste collection and public cleansing services at all Municipalities in Selangor, supporting Selangor's environmental and public health objectives.
• SIDEC (Selangor Information Technology and Digital Economy Corporation) Digital transformation subsidiary managing the Selangor Twin Accelerator programme (Deep-X for deep-tech / AI startups and Retail-X for B2C SMEs), Selangor 1000 Digital initiative, and supporting over 320 startups.
• Yayasan MBI Trust organisation driving corporate social responsibility initiatives across five focus areas: Education, Community Development, Environment, Social Enterprise, and Healthcare & Wellbeing.
• Hijrah Selangor Microfinancing subsidiary driving inclusive economic empowerment through microfinancing products, expanding the middle-income segment and catalysing a resilient digital entrepreneurship ecosystem in Selangor.
• Tourism Selangor Official tourism promotion agency promoting Selangor to domestic and international travellers through strategic events, marketing campaigns, and Visit Selangor Year, targeting 8 million visitors and RM11.7 billion revenue in 2025.
• Universiti Selangor (UNISEL) Malaysia's first state-owned university operating across two campuses in Bestari Jaya and Shah Alam, supporting Selangor's goal of becoming a leading regional education hub with human capital development programmes.
• PNSB Property development and strategic ventures subsidiary managing Selangor State Secretary Incorporated's assets through commercial and residential property and township developments.
• Central Spectrum (CSSB) Master developer transforming Pulau Indah into a dynamic integrated industrial and community hub since 1994 and developer of Selangor BioBay Industrial Park, supporting bio-based industrial tenants.
• Selangor Maritime Gateway (ZPE-SMG) Master developer transforming the Klang River into a sustainable economic corridor through the Selangor Maritime Gateway Economic Development Zone.
• KPS (Kumpulan Peransbangsa Selangor) Strategic investment arm majority-owned by MBI Selangor and listed on Bursa Malaysia, with core interests in manufacturing, infrastructure, and trading; returns are returned as dividends to the state government.
• Sepang Industrial Park Proposed large-scale mixed-use industrial park development within the IDRISS Integrated Development Region in South Selangor, supporting aerospace, logistics, and complementary residential components.
• Selangor Integrated Landing Port (Porto Pendaratan Bersepadu Sekinchan) Integrated landing port under the SABDA initiative in Sabak Bernam, providing fisheries infrastructure including fishing jetty, fish grading facilities, cold storage, auction hall, tide-adaptive dock, boat construction zones, and logistics hub.
• Smart Selangor Delivery Unit Smart city initiative leading Selangor's digital transformation through smart technology programmes aimed at positioning the state as ASEAN's top smart region by 2025.
• Halal International Selangor (HIS) Halal industry development subsidiary providing end-to-end halal solutions including technical training, market intelligence, trade facilitation, business compliance support, and blockchain-enabled traceability systems.
• Kumpulan Semesta Sdn Bhd Mining and minerals subsidiary managing exploration, extraction, production, and sale of sand, rock materials, and mineral resources in Selangor.
• Media Selangor Official state media arm of the Selangor State Government managing multilingual news platforms and state-owned media channels.
• WBS (Women Business Council Selangor) Official women empowerment agency spearheading leadership, education, and socio-economic initiatives for women through strategic programmes including Program Wanita Berdaya (PWB) reaching 53,000 women across 56 constituencies annually.
• STDC (Selangor Technical Skills Development Centre) Technical skills development centre advancing Selangor's Industry 4.0 ambitions through industry-recognised training, future-ready workforce development, and strategic skills collaborations.
• Sungai Lang Commercial Aquaculture Farm (ZIPS) High-technology commercial shrimp farming aquaculture project at the Sungai Lang Fisheries Industrial Zone (ZIPS), Sabak Bernam, supporting the SABDA regional development initiative.
• Selangor Twin Accelerator (Deep-X and Retail-X) Selangor Twin Accelerator dual-track programme run by SIDEC: Deep-X accelerates AI-driven startups with over US$64,000 in programme value; Retail-X supports B2C SMEs with US$10,600+ in cash and perks for winners.

Quantifiable outcome

• Selangor led Malaysia's states with RM101.1 billion in total approved projects in 2024, driven by MBI Selangor's targeted investor facilitation
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability6 records

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• UN Global Compact Network Malaysia, Brunei & Cambodia (UNGCMBC)coreTechnology or Integration · 12 June 2026Strategic partnership to deploy RANTAiX, UNGCMBC's AI-enabled ESG assessment and intelligence platform, across MBI Selangor's entire group of subsidiaries. MBI Selangor becomes the first state-owned investment conglomerate in Malaysia to deploy an AI-enabled ESG readiness platform at group level, enabling data-driven sustainability governance across its portfolio.
• Farmerex Sdn BhdcoreStrategic or Co-development Partner · 21 May 2026Land Lease Agreement covering 50 acres for aquaculture farming plus Joint Venture Agreement for commercial aquaculture farm development at Sungai Lang Fisheries Industrial Zone (ZIPS), Sabak Bernam. Farmerex is a wholly-owned subsidiary of Camaroe Berhad (ACE Market, Bursa Malaysia). Project is the first operational venture at ZIPS, focusing on high-technology commercial shrimp farming as part of the SABDA initiative.
• SD Guthrie BerhadcoreStrategic or Co-development Partner · 27 April 2026MOU signed for large-scale mixed-use industrial development in Sepang Estate (adjacent to KLIA Aeropolis), provisionally known as Sepang Industrial Park. The proposed 2,500-acre development will be an integrated industrial park with commercial and residential components, supporting aerospace and logistics industries, and projected to create 32,000+ job opportunities by 2030. Second initiative between Guthrie and MBI Selangor following Carey Island project.
• PLATS Strategic Partners (Perbadanan Nasional Bhd, MYNIC Bhd, STDC, Red Giant Creative House, SIRIM, Media Selangor)minorGTM or Marketing Partner · 18 July 2025Six new strategic partners joined PLATS digital platform to enhance MSME digital empowerment ecosystem. 12 Selangor local councils collectively support PLATS. Agrobank provided facilities and tents for 1,500 Ramadan bazaars in 15 locations, contributing RM7.11 million in sales transactions in 2025.
• Air Selangor, Universiti Selangor (Unisel), Selangor Technical Skills Development Centre (STDC), Central Spectrum (M) Sdn BhdcoreStrategic or Co-development Partner · 3 July 2025Two Memorandums of Collaboration (MOC) signed: (1) Air Selangor with Unisel and STDC for future-ready workforce development through upskilling, reskilling, career pathway development, and technical training; (2) Air Selangor with Central Spectrum for long-term water security solutions in Pulau Indah through alternative water supply (Water Reclamation Plant, Seawater Desalination Plant, In-situ Desalination Plant) supporting the Selangor BioBay Industrial Park.
• Sekinchan Development Holdings Sdn BhdcoreStrategic or Co-development Partner · 28 June 2025Sekinchan Development Holdings appointed as master developer for the Selangor Integrated Landing Port (Pelabuhan Pendaratan Bersepadu Sekinchan) under SABDA initiative. Initial investment of RM500 million for Phase 1 (84 acres, 80% over water) covering fishing jetty, fish grading facilities, cold storage, auction hall, tide-adaptive dock, boat construction zone, and logistics hub. Public-private partnership model.
• NCT Group of Companies, Smartsel Sdn Bhd, Mikro Sdn BhdcoreTechnology or Integration · 5 May 2025Two MOUs: (1) Smartsel partnership for 4G/5G network integration at NCT Smart Industrial Park (NSIP) to drive telecommunications and digital operations; (2) Mikro partnership for superior quality electrical distribution components and X-series products with Mikrosafe app for energy management and operational safety. NSIP is targeted as Malaysia's first net-zero emission industrial park by 2050, located within IDRISS.
• SONY Malaysia, Batik Air Malaysia, GL Play by Gamuda Land, Alpha IVF & Women SpecialistminorGTM or Marketing Partner · 19 February 2025Strategic partnerships signed during Visit Selangor Year (VSY) 2025 Exhibition to boost tourism campaign targeting 8 million visitors and RM11.7 billion revenue. Partners include consumer electronics, airline, entertainment/gamified retail, and healthcare providers. Also partnered with Selangor Concierge Association, Prestige Lane Adventure, AVIS, and Selangor 4WD Association for VSY 2025 roadshow fleet.
• Yayasan MBI / Selangor State Education Department (JPNS), Selangor Islamic Religious Department (JAIS)coreStrategic or Co-development Partner · 30 November 2024Partnership for PTRS (Selangor People's Tuition Programme) and PDK (Didik Kasih Programme) 2026. PTRS benefits 143,000 secondary students across 274 schools in 8 SPM subjects. PDK targets 20,000 primary students across 661 schools for literacy and numeracy support. Supported by free learning modules, meals, and allowances for coordinators and teachers.
• UN Global Compact Network Malaysia & Brunei (UNGCMYB)coreStrategic or Co-development Partner · 30 November 2024MoU signed for executive and professional education development addressing SDG and ESG governance challenges, and enhancing capabilities of MBI Selangor and subsidiaries. Partnership includes sustainability recognition and knowledge exchange.
• SIDEC Partners (Cradle, TikTok Shop, Xendit, BytePlus, AEON, DHL, Shopline, Google Cloud, Alibaba Cloud)coreTechnology or Integration · 8 October 2024SIDEC's Selangor twin accelerator programme (Deep-X and Retail-X) supported by leading technology and platform partners including Cradle, TikTok Shop, Xendit, BytePlus, AEON, DHL, Shopline for programme delivery; Google Cloud and Alibaba Cloud for digital infrastructure and cloud credits. Deep-X offers US$64,000+ in programme value; Retail-X offers US$10,600+ cash and perks for winners.
• Gentari Sdn BhdcoreStrategic or Co-development Partner · 24 November 2023MOU to explore Selangor's renewable and sustainable energy landscape, leveraging Gentari's expertise in renewable energy, hydrogen, and green mobility. Three main focuses: (1) 300MW of solar initiatives over 3 years, (2) EV charging infrastructure targeting 10,000 points by 2025 across Shah Alam, Petaling Jaya, Subang Jaya, and Klang, and (3) hydrogen economy strategic planning. Supports Selangor's 1GW renewable energy target by 2030 and 45% carbon emissions reduction.

Scale indicators24 records

Recent moves6 records

Expansion highlights7 records

Regional players

• Investment Corporation of Dubai: Principal investment arm of the Government of Dubai managing a diversified portfolio of strategic assets. Comparable structure as a government-owned holding entity but serving a city-state rather than a federated state.
• Brunei Investment Agency: Sovereign wealth manager of Brunei operating regional Asian investments. Comparable Southeast Asian state investment vehicle, though smaller and serving a single national economy rather than a federated state.

Direct peers

• Sarawak Economic Development Corporation (SEDC): State-owned investment arm of Sarawak, Malaysia, managing diversified subsidiaries across property, energy, agriculture, and manufacturing. Closest peer as another Malaysian state-level investment holding corporation with a similar diversified-portfolio mandate.
• Khazanah Nasional Berhad: Malaysia's federal sovereign investment fund established to manage government-held commercial assets. Closest structural analogue to MBI Selangor at federal level, executing strategic equity investments, holding diversified subsidiary portfolios, and directing national development priorities across similar sectors.
• Permodalan Nasional Berhad (PNB): Malaysian government-linked investment company managing unit trust funds (e.g., ASN, ASB) and equity stakes in strategic corporates. Comparable to MBI in being state-owned, holding diversified investments, and channeling returns to the government/stakeholders.
• Employees Provident Fund (EPF): Malaysia's largest retirement savings fund - a statutory body investing contributions in diversified domestic and global assets. Comparable scale, governance structure, and mandate to MBI Selangor's state investment function.
• Permodalan Darul Ta'zim (Johor): Johor state's investment holding arm operating diversified unit trust and investment vehicles. Comparable state-level Malaysian investment entity serving similar development and asset management functions in another Malaysian state.
• Kumpulan Wang Persaraan (KWAP): Malaysian government pension fund managing retirement assets and direct investments across listed and unlisted companies. Directly comparable as a state-managed investment entity executing strategic investments on behalf of the Malaysian public.

Broad incumbents

• GIC Pte Ltd: Singapore's sovereign wealth fund managing the nation's foreign reserves. Comparable as a state-level investment entity with a long-term, multi-asset mandate, though more international in orientation than MBI's domestic focus.
• Temasek Holdings: Singapore's investment company managing a global diversified portfolio across comparable sectors (financial services, infrastructure, transport, real estate). Comparable diversified state-level investor model but larger, international scope, and more mature.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mbiselangor
• LinkedInmy.linkedin.com/company/mbiselangor
• Instagraminstagram.com/mbiselangor
• TikToktiktok.com/@mbiselangor
• Xx.com/mbiselangor

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles29 records

Subsidiaries34 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 Menteri Besar Selangor