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InvestKL targets 10 MNCs with RM1bil investment value in 2021
By Ayisy Yusof April 7, 2021 @ 1:59pm

KUALA LUMPUR: InvestKL is upbeat about achieving 10 multinational companies(MNCs) to set up operations in Greater Kuala Lumpur with a combined investment value of RM1 billion this year.

Chief executive officer Muhammad Azmi Zulkifli said the agency would provide an update of Malaysia's investment status for the first quarter (Q1) in the coming weeks.

The firm's next 10-year strategic plan, anchored on the National Investment Aspiration (NIA) blueprint, is focused on attracting high quality investments in technology and innovation-based activities to catalyse Malaysia's move towards a high-income economy.

The target came after InvestKL, which is under International Trade and Industry Ministry, completed its 2011-2020 target of attracting 100 MNCs to invest in Greater KL.

InvestKL achieved its target of attracting 100 corporations last October and ended last year by securing a total of 103 high growth companies in various industries in line with the nation's key economic growth areas.

With a total investment of RM15.8 billion, about 14,111 regional executive jobs were created throughout the 10-year period.

To date, some RM11.4 billion or 72 per cent of the committed investment have been realised.

A total of 10,411 or 74 per cent of the committed jobs have been filled, and 8,646 Malaysians are currently employed in these high value jobs.

InvestKL said Europe accounted for the largest investment with 51 companies, followed by Asia Pacific (28 companies) and United States (24 companies during the 10-year period.

https://www.nst.com.my/business/2021...ent-value-2021