Selangor Targets RM600 Billion Economy by 2030 Under RS-2

KUALA LUMPUR, AUGUST 2026 — The Selangor state government has announced the Second Selangor Plan (RS-2), a five-year economic and development strategy for 2026 to 2030 aimed at generating RM600 billion in economic value and strengthening the state’s position as one of Malaysia’s leading economic hubs.

Menteri Besar Datuk Seri Amirudin Shari unveiled the plan during the Selangor State Legislative Assembly sitting on August 7. RS-2 outlines six major missions covering 25 areas, designed to support economic expansion while improving social development, sustainability and government efficiency.

The six missions focus on strengthening Selangor’s economic leadership, promoting balanced development and equal opportunities across districts, creating a caring and liveable state, developing productive and inclusive human capital, enhancing environmental resilience and sustainability, and building a government that is more effective and responsive to both residents and businesses.

As part of its strategy toward 2030, Selangor will prioritise five key economic sectors: electrical and electronics, aerospace, automotive, the digital economy and the creative economy. These industries will be supported through 13 initiatives aimed at driving sustainable growth and attracting higher-value investments.

The state is targeting economic and gross domestic product growth of around 6.1%, while seeking approximately RM330 billion in total investment, with a strong emphasis on domestic investment. Selangor also aims to bring its unemployment rate down to 2.2% by 2030.

RS-2 builds on the achievements of the First Selangor Plan (RS-1), which was introduced in July 2022. According to Amirudin, Selangor’s economic value increased by 28.97% to RM133.3 billion during the implementation period, while about 79% of RS-1 initiatives were either achieved or had progressed through various stages of implementation. Nine of the plan’s 16 key indicators were achieved.

The state also recorded GDP growth of 7.5%, exceeding RS-1’s initial annual growth target of between 6.5% and 7%. Median monthly household income reached RM10,736, surpassing the original RM9,290 target.

Other achievements included reducing the relative poverty rate to 8.5%, raising Selangor’s Happiness Index to 7.21, expanding permanent forest reserves to 31.7%, and achieving a public satisfaction rate of 94.71% for services provided by local authorities.

However, several indicators remain below target, particularly those involving environmental sustainability, absolute poverty, government welfare assistance and drainage management. The state government has acknowledged that stronger implementation will be required under RS-2 to address these areas.

Selangor also plans to develop more consistent and sustainable revenue sources to reduce its reliance on land-related income. Through RS-2, the state is positioning investment diversification, emerging industries, human capital and sustainable development as central pillars of its economic strategy for the remainder of the decade.