InvestKL attracts RM1.68bil investments from January-June 2022 - MIDA | Malaysian Investment Development Authority
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InvestKL attracts RM1.68bil investments from January-June 2022

InvestKL attracts RM1.68bil investments from January-June 2022

27 Jul 2022

InvestKL has attracted RM1.68 billion worth of investments in the first half (H1) of 2022, creating 1,919 high-skilled executive job opportunities.

It noted that more leading companies had decided to set up their global services hub in Greater Kuala Lumpur (Greater KL) as the Malaysian economy recovered from the pandemic this year 

Greater KL offers investors a robust digital and innovation ecosystem, access to a diverse talent pool ready for future industries and supportive government policies. 

InvestKL chief executive officer Muhammad Azmi Zulkifli said the performance encouraged the agency to continue securing more investments, taking advantage of new opportunities available from the free trade agreements Malaysia has become a part of. 

“These major trade deals hold excellent promise as they will make Malaysia more attractive for companies seeking to diversify their supply chains and widen market access for goods and services as well as digital products,” he said. 

These investments came after a record year in 2021 in which InvestKL secured RM2.46 billion of investments through 13 global services hubs. 

InvestKL has also made great strides in the Greater Kuala Lumpur Live Lab (GKL Live Lab) initiative launched last year. 

The GKL Live Lab has signed up two companies, out of three targeted for this year. 

Since 2021, GKL Live Lab has secured key projects covering EduTech, Healthtech, Dronetech, Data Solutions and Marketingtech.

Azmi said Malaysia needed to nurture more professionals such as big data engineers, cybersecurity experts and accountants to meet growing investors’ demand. 

“We must keep ourselves at the forefront of environmental, social and governance while capturing emerging opportunities in the shift towards a greener planet. 

“Renewable energy offers huge potential, and Malaysia needs to accelerate on this front to remain competitive,” Azmi said.

Source: NST