KUALA LUMPUR, July 26 – InvestKL has achieved a major milestone by securing a total of RM2.48 billion in new investments in the first half of 2023, paving the way for the creation of over 6,800 executive job opportunities for Malaysians. Despite global headwinds, the success demonstrates the attractiveness of Greater Kuala Lumpur (Greater KL) as a top investment destination, bolstered by robust digital infrastructure, a business-friendly environment, innovative tech activities, and talent nurturing initiatives.
Riding on Malaysia’s projected economic growth of between 4% and 5% this year, InvestKL has been instrumental in bringing forth five global services hubs established by prominent multinational corporations (MNCs) in the first half of 2023: A Southeast Asia (SEA) Regional Headquarters by a leading provider of integrated smart manufacturing solutions from China. An Asia Pacific Regional Headquarters and SEA Centre of Excellence by India’s largest automotive service and platform
A Global Technology and Innovation Hub by a UK-based global professional services firm. An Asia Regional Headquarters by the largest travel agency in Japan. A Regional Technology Hub by a leading global professional services firm specializing in digital transformation from the United States InvestKL’s notable achievement builds on its record performance in 2022, attracting investments valued at RM2.79 billion and creating 2,805 high-skilled executive jobs through the establishment of 13 global services hubs.
Minister of Investment, Trade and Industry, YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz, highlighted Malaysia’s commitment to creating a high-value business ecosystem to attract strategic investments, fostering sustainable and inclusive growth. The collaboration with InvestKL has further enhanced Malaysia’s competitiveness and resilience on the global stage.
Datuk Muhammad Azmi Zulkifli, CEO of InvestKL, expressed confidence in attracting more global services hubs in the digital and technology sector, aiming to create sophisticated high-skilled jobs for Malaysians. The projected growth in global technology investment and the increasing number of digital and data centers in Malaysia underscore the country’s position as a prominent digital hub in ASEAN, aligning with the Malaysia MADANI framework for sustainable development.
InvestKL’s efforts have resulted in the establishment of over 130 Global Services Hubs in Greater KL by foreign multinationals, employing more than 19,000 executives with an average monthly salary of RM13,000. The organization remains steadfast in its mission to secure RM35 billion in investments by 2030, contributing significantly to Malaysia’s economic growth and prosperity.
