Greater KL: InvestKL secures RM1.92b worth of investments from MNCs

PETALING JAYA (July 29): InvestKL has successfully attracted RM1.92 billion worth of investments in the first half of this year to the Greater KL area, said chief executive officer, Muhamad Azmi Zulkifli (pictured). The agency has also “secured a total of 7 MNCs during this period”.

In a media statement today, Muhamad Azmi noted that InvestKL is on track to reach its year-end target of 10 MNCs. This target is a part of its 10-year plan to attract 100 of the world’s multinational and fast-growing companies to set up regional services and technology hubs in Malaysia by 2030.

“The MNCs coming in this year are involved in various sectors, from financial services, food technology, infrastructure to data to software solutions providers. They represent a balanced mix of countries and regions including the US, Europe, China and Japan,” said Muhamad Azmi.

He added that with these MNCs coming in to set up regional bases in the country, about 1,207 regional job opportunities will be available for Malaysians

Besides working on bringing MNCs into the country, the agency has also launched programmes like Greater Kuala Lumpur (GKL) Live Lab and Fit4Work in April 2021.

These programmes were created to revitalise the nation's innovation capacity and build a pool of Malaysian talents to complement the high-value companies the agency aims to attract, said Muhamad Azmi.

GKL Live Lab, which aims to attract foreign MNCs to collaborate with local companies to elevate GKL’s competitive advantage for quality, innovation-led and knowledge-intensive activities, has already secured three companies.

InvestKL is an agency under the Ministry of International Trade and Industry focusing on attracting large global MNCs to establish their regional businesses in Greater KL. It has managed to secure 103 MNCs to invest in Greater KL over the last decade.

Formed in 2011, RM11.56 billion out of the total investment of RM17.73 billion have been realised as of June 2021, with 10,850 skilled regional jobs already on the payroll with an average salary of RM10,384.

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