State development corporation in Selangor, Malaysia From Wikipedia, the free encyclopedia
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The State Development Corporation of Selangor (Malay:Perbadanan Kemajuan Negeri Selangor abbr:PKNS) is a state development corporation in Selangor, Malaysia. PKNS was established to drive the development of the state, focusing on fair economic prosperity while promoting social well-being and balanced urbanization. It aims to create opportunities, empower communities, and contribute to the sustainable growth of Selangor.
PKNS was established on 1 August 1964 under the Selangor State Development Corporation Enactment, 1964 (Sel. Enact.No.4 of 1964) as a statutory body and state-level development agency. Its purpose was to fulfill the aspirations of independence through the distribution and promotion of socio-economic growth across the state of Selangor, guided by government policies to achieve stability, harmony, and social justice in line with the national vision. This mission is carried out through property development, commercial development, industrial development, and investment activities.[1]
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Notable Development
Shah Alam, SelangorShah Alam, the capital city of Selangor, became the state capital after the purchase of Kuala Lumpur by the Malaysian government. It was developed in the 1960s.
