Datuk Teng Chang Khim said the revised target is in line with global sentiment due to the COVID-19 pandemic, during which countries globally are witnessing the same trend.
KUALA LUMPUR: Foreign direct investment (FDI) in Selangor is expected to be reduced by half this year to RM8.5 billion compared with RM17 billion last year due to weak global economic sentiment.
The FDI target is a downward revision from the state's earlier forecast of RM12 billion in five main sectors, including electrical and electronics, food and beverages, and machinery.
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