The Selangor State Development Corporation (PKNS) was established on 1 August 1964 under the Selangor State Development Corporation Enactment (1964) as a statutory body and development agency for the state of Selangor. Its establishment was intended to uphold the country’s independence through just economic distribution and socio-economic growth that are guided by government policies in order to create stability, harmony and social justice, specifically in the state of Selangor.