InvestKL draws four MNCs to set up hubs in Greater KL as it eyes RM35 bln investment target

InvestKL draws four MNCs to set up hubs in Greater KL as it eyes RM35 bln investment target

11 Nov 2022

InvestKL has lured four multinational firms to set up hubs and business service offices in the Greater Kuala Lumpur area, bolstering its 10-year strategic objective to attract RM35 billion in investments.

InvestKL chief executive officer Muhammad Azmi Zulkifli announced that Australian manufacturer The Arnott’s Group (TAG), Tupperware Brands Corp, British public-listed software development company Endava Plc, and Baxter Southeast Asia have chosen Greater KL to set up hubs and business service offices.

“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 a dynamic pool of talent,” he said in a statement.

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

Source: Bernama