Greater KL draws leading mncs amid solid economic recovery

Riding on a solid Malaysia economic recovery this year, InvestKL has successfully attracted big names in global multinational companies from Tupperware to Arnott’s in setting up a regional hub in Greater Kuala Lumpur ‘Greater KL’ to serve the Asia Pacific market.

The Malaysian economy is projected by analysts from MIDF Amanah Investment Bank and AmBank Group Research to grow as much as 12.5 per cent in the third quarter this year from a year ago, following a strong showing in the first six months.

The Ministry of Finance has projected a 2022 GDP growth of 6.5 per cent to 7 per cent, accelerating from a 3.1 per cent economic expansion last year.

InvestKL Chief Executive Officer, Muhammad Azmi Zulkifli said the country’s resilient post-pandemic economic performance is also reflected in the increased foreign investments coming in, with more global companies deciding to establish their global services hub in Greater KL this year.

“This is a testament to Malaysia’s continued appeal to foreign investors as an investment destination of choice due to the country’s solid fundamentals, investor-friendly policies, robust infrastructure and dynamic pool of talent. We are heartened by the confidence and positive response as more global companies have picked Greater KL as their regional home base,” he said.

In the first half of 2022, InvestKL has successfully attracted RM1.68 billion worth of investments, creating 1,919 high-skilled executive job opportunities.

“We have seen strong interest from global companies in coming to Greater KL this year, which is a solid vote of confidence from foreign investors in our post-pandemic economic recovery and Malaysia’s bright prospects for future growth,” Azmi said.




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