InvestKL attracted 12 MNCs in 2017

PETALING JAYA: InvestKL attracted 12 multinational companies (MNCs) in 2017, bringing the total to 73, with approved and committed investments of RM11.07 billion, and creating over 10,971 regional high-skilled jobs since 2011.
The 73 MNCs comprise 73% of InvestKL’s 2020 mandate of 100 MNCs. The investment promotion agency said it is on track to achieve its target in three years.
Between 2011 and 2017, RM4.5 billion or 41% of the RM11.07 billion investments have been realised while 5,831 or 53% of the 10,971 high-skilled regional jobs are already on the payroll.
Of these, 80% employed are Malaysians with an average annual income of RM114,676 or US$29,705.
InvestKL CEO Datuk Zainal Amanshah said it successfully attracted investments from 12 of the world’s most valuable companies last year, comprising industry leaders who have established principal hubs, global business services, regional headquarters and regional centres of excellence in Kuala Lumpur.
“The opportunities they offer are transformative and empowering, upskilling our small and medium-sized enterprises, multiplier effect on the local economy and collaboration with local universities to develop an industry-ready talent pool,” he said in a statement.
“With key executives who make investment and regional expansion decisions based in KL, our people also have the added advantage of learning from the best, and accelerating their professional development,” he added.
MNCs which have established regional hubs in Kuala Lumpur in 2017 include Fortune 500 companies PPG Industries (US), SK Mobility (Korea) and Allianz (Germany); Forbes Global 2000 corporations Givaudan (Switzerland) and Veolia (France); as well as Haskell (US), Felio Sylvania (China), Dimension Data (South Africa) and Peri (Germany).
This year, it aims to attract 10 MNCs, with a focus on those with access to the digital space and advanced technologies, Internet of Things or Industry 4.0 technologies, such as artificial intelligence, big data analytics and cyber security.