Against the backdrop of Malaysia’s successful economic resurgence, predicted to expand between 4.0 and 5.0 per cent this year, InvestKL triumphantly announced securing a remarkable RM2.48 billion in investments for H1 2023. This financial influx has fuelled the creation of over 6,800 executive positions, providing a significant boost to the Malaysian job market.
The robust investments were secured despite prevailing global economic challenges. The performance underscores Greater Kuala Lumpur’s (Greater KL) fortified reputation as an alluring investment hub, offering an advantageous blend of strong digital infrastructure, ease of business operations, an ecosystem buzzing with innovative tech activities, and a talent-nurturing environment.
Datuk Seri Tengku Zafrul Tengku Abdul Aziz, the Minister of Investment, Trade, and Industry, emphasized Malaysia’s unwavering commitment to developing a high-value business ecosystem to reel in strategic investments. These efforts align with the national vision for long-term sustainable and inclusive growth.
InvestKL’s continued strides in attracting top-tier investments for the Greater KL region stand as a testament to Malaysia’s conducive business terrain. The environment has consequently cultivated Malaysia’s competitive edge and resilience on the global stage.
Backed by robust policies encompassing industries, investments, and exports, the Ministry of Investment, Trade and Industry (MITI), in conjunction with agencies like InvestKL, remains devoted to augmenting the nation’s business ease and investment facilitation. The collective focus also extends to fortifying domestic business prospects and enhancing Malaysians’ quality of life towards a more balanced and inclusive economic growth.
The current investor momentum draws strength from InvestKL’s record-breaking performance in 2022, which pulled in investments worth RM2.79 billion. This facilitated the creation of 2,805 high-skilled executive positions through the formation of 13 global services hubs.
Datuk Muhammad Azmi Zulkifli, InvestKL’s CEO, lauded the H1 results for their demonstrative impact on solidifying Greater KL’s status as a premier investment destination in the dynamic Asia Pacific region.
According to Zulkifli, the positive outcomes fortify InvestKL’s target for 2023. The strategy involves attracting investment into global services hubs, particularly in the digital and technology arena, leading to the creation of sophisticated, high-skilled jobs for Malaysians.
Zulkifli expressed confidence in the upcoming investor pipeline for the remainder of the year, believing a series of investments will keep them on track to secure RM35 billion by 2030.
In line with global projections, Malaysia anticipates experiencing a 5.1 per cent growth in technology investment in 2023. This uptick is evident in the increasing number of digital and data centres mushrooming around the country, brought about by MITI’s concerted efforts to fulfill Malaysia’s ambition of becoming the Digital Hub of Asean.
The current developments resonate with the Malaysia Madani framework’s objective, focusing on harnessing digital and technological advancements to achieve sustainable development. To date, InvestKL has attracted over 130 Global Services Hubs of foreign multinationals in Greater KL, providing employment to over 19,000 executives with an average monthly salary of RM13,000.
This news is based on an article published on malaymail.com.