InvestKL secured RM3.3b in investments in the first half of 2024
25 Jul 2024
InvestKL secured RM3.3 billion in investments in the first half of 2024, creating 3,389 high-value regional jobs through the establishment of six global services hubs.
In a statement today it said these investments, secured amidst global challenges, reaffirm Greater Kuala Lumpur’s appeal as a top investment destination. This is thanks to its ease of doing business, robust infrastructure, skilled talent pool, and vibrant ecosystem driven by collaboration and innovation.
The new investments include the establishment of service hubs from the Americas, Europe, and Asia region.
“The first-half results demonstrate InvestKL’s continued impact in solidifying Greater KL’s status as a top investment destination in the region. This aligns well with our 2024 target to attract global services hubs with a focus on technology and cutting-edge activities that will spur high-skilled jobs for Malaysians. Through our engagements, it is evident that more eyes are now on Malaysia, and global companies are eager to capitalise on the country’s strength to deepen their investments and broaden their regional presence from Greater KL,” InvestKL CEO Datuk Muhammad Azmi Zulkifli said.
As of today, InvestKL has attracted over 140 Global Services Hubs by leading companies employing more than 27,000 executives with an average monthly salary of RM17,000.
InvestKL said Malaysia’s stable outlook and recent rationalisation efforts have contributed to a surge in foreign direct investments followed by growing investments in digital technologies, including software, Generative AI, green innovations, and data centres.
The country also anticipates a wave of investments in green energy and sustainability through the National Energy Transition Roadmap (NETR), further building capabilities in the digital technology sector.
Invest KL said its strategic direction will focus on attracting global services from key sectors such as digital and technology, engineering, health tech, and renewable energy, while also emphasising human capital development.
Malaysia recorded RM83.7 billion investment progress in the first quarter of 2024, a 13 per cent increase over the same period last year.
About 47 per cent or RM39.3 billion investments were for the services sector.
Source: NST
