Selangor Maritime Gateway initiative to rake in more than RM1 bln investments by 2030

The Selangor Maritime Gateway (SMG) initiative, which aims to transform the Klang River into a maritime economic zone for the state, is expected to rake in more than RM1 billion in investments by 2030, said Menteri Besar Dato’ Seri Amirudin Shari.

He said the investments would be coming in the form of joint ventures with the state’s special purpose vehicles.

“The Klang River and its embankments hold great prospects that can unlock high-value opportunities for savvy businesses and investors, and we are currently in negotiations with several parties to realise a number of activities to propel the revival of the river,” he told reporters during a site visit here yesterday.