Posted by As the country’s economy recovers, it is projected to grow between 4% and 5% this year, InvestKL has secured a total of RM2.48b in committed investments in the first half (H1) of 2023 which will create over 6,800 executive job opportunities for Malaysians.
KL’s propositions have resulted in the establishment of five global hubs in H1 2023, by well-known multinational corporations (MNCs):
- A Southeast Asia (SEA) regional headquarters by a provider of integrated smart manufacturing solutions from China
- An Asia Pacific (APAC) regional headquarters and SEA centre of excellence by n automotive service and platform from India
- A global technology and innovation hub by a UK-based global professional services firm
- An Asia regional headquarters by a Japanese travel agency
- A regional technology hub by a global professional services firm, specialising in digital transformation from the US
InvestKL’s prior projects in 2022 which attracted investments worth RM2.79b and the growth of 2,805 high-skilled executive jobs through the establishment of 13 global services hubs, according to InvestKL.
Minister of Investment, Trade and Industry, Tengku Datuk Seri Utama Zafrul Abdul Aziz commented that “ Malaysia is committed to policies aimed at creating a high-value business ecosystem to attract strategic investments, as well as realising our nation’s long-term sustainable and growth inclusiveness.
“InvestKL’s continued success in securing quality investments for the Greater KL area is a testament to Malaysia’s conductive business landscape which has developed the country’s competitiveness and resilience on the global stage.
“Supported by strong policies on industries, investment and exports, alongside with other agencies such as InvestKL will continue to enhance the country’s ease of doing business and investment facilitation while securing domestic business prospects as well as improving the livelihoods of Malaysians towards a more broad-based and inclusive economic growth.
Chief Executive Officer of InvestKL, Datuk Muhammad Azmi Zulkifli added that “The results from the first half of the year show the continued impact InvestKL has towards strengthening Greater Kuala Lumpur’s status as a top investment destination among the vibrant cities in Asia Pacific. Following this, our target for 2023 is to attract investments in global services hubs in the digital and technology sectors that will hopefully lead to the growth of sophisticated high-skilled jobs for Malaysians.
He is confident that the country’s pipeline of investors for the remainder of the year may keep us on track to secure RM35b by 2030.
As global technology investment is projected to grow by 5.1% in 2023, Malaysia is poised to experience a similar surge as there has been a latest increase in the number of new digital and data centres in Malaysia with various foreign investors building capabilities such as in digital, technology and artificial intelligence (AI).
As of today, InvestKL has brought in more than 130 global services hubs of foreign multinational in Greater KL while also employing more than 19,000 executives with an average salary of RM13,000.