PETALING JAYA: InvestKL is targetting a total of RM35bil in investments by 2030, despite the challenges of global economic volatility, rising energy prices and geopolitical uncertainty.
In a statement yesterday, InvestKL chief executive officer Muhammad Azmi Zulkifli (pic) said investors wanted to build a sustainable future while pursuing the environmental, social and governance agenda.
“They are investing in new technologies that will help them to grow responsibly. We are working closely with the International Trade and Industry Ministry (Miti) to position Greater KL as an investment gateway into Malaysia.
“Our pipeline remains strong and we are well-poised to advance Malaysia’s sustainable agenda by targeting high-level and niche investments, specifically in the areas of digital technology, global services, and innovative offerings.”
InvestKL is an investment promotion agency under Miti. It is tasked to attract large global multinationals to establish regional business services headquarters in Greater Kuala Lumpur and strategically grow their business in Asia.
Since its inception in 2011, InvestKL has attracted a total of RM18.3bil in approved and committed investments through the establishment of 116 global services hubs by leading multinationals and fast-growing companies. Azmi said this has led to the creation of 16,392 regional executive jobs for Malaysians.
“In 2021, RM2.46bil investments were secured through 13 global services hubs, creating 2,281 regional executive jobs and making it the best performing year for InvestKL in the last decade.”
In the same statement, senior minister and Miti minister Datuk Seri Mohamed Azmin Ali said InvestKL’s stellar performance is a testament to foreign investors’ confidence in Malaysia’s business ecosystem and Greater KL as a destination of choice for high-growth, high-impact business activities, making it an excellent location to set up regional offices and hubs.
“Indeed, this will pave the path for greater trade linkages considering the record-breaking trade performance last year surpassing RM2 trillion, placing Malaysia on a trajectory of growth.
“We will be able to go to greater heights with Miti redoubling efforts to ensure that Malaysia remains competitive with a new strategy to drive further growth for the digital economy, green technology, the Fourth Industrial Revolution sectors, implementation of the largest Free Trade Agreement, Regional Comprehensive Economic Partnership Agreement (RCEP), as well as enhanced cross-border collaborations on supply chain management.”
With RCEP entering into force, Mohamed Azmin said Malaysia and Greater KL’s strategic location in Asia are poised to further cement the country’s critical role in the global supply chain for services and industries.