InvestKL secures a total of RM21.52 billion in FDI

 

Kuala Lumpur (16 March 2023): InvestKL has secured a total of RM21.52 billion in approved and committed investments since 2011.

This was achieved through the establishment of over 120 global services hubs, which led to the creation of over 19,000 high skilled jobs for Malaysians, of which 94% are on an average monthly executive salary of RM13,000.

In 2022, InvestKL delivered another record year, attracting investments valued at RM2.79 billion. This is a 13% year-on-year increase from RM2.46 billion in 2021, making 2022 the best performing year since the agency’s inception in 2011.

Secured against a backdrop of global challenges, these investments demonstrate that InvestKL has successfully positioned Greater Kuala Lumpur as a preferred investment destination, underpinned by strong economic fundamentals, solid business propositions, enhanced ease of doing business, robust digital infrastructure, and dynamic talent pool.

Minister of International Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Abdul Aziz said, “MITI has set an ambitious FDI target for 2022. We also need to be more discerning by attracting higher quality and more sustainable investments driven by digital and innovation. We want to spur the creation of higher skilled jobs, with the appropriate knowledge and technology transfer that will foster a more vibrant enabling ecosystem for our local SMEs.“

Congratulations to InvestKL for its 2022 achievement in positioning Greater KL as a business hub for hundreds of leading multinationals. Moving forward, MITI and its agencies stand ready to support the goals of the Malaysia Madani vision of an inclusive, innovative, prosperous, and sustainable economy for the benefit of the rakyat and businesses.”