In a statement today, InvestKL said these investments were secured amidst the current global headwinds, demonstrating that Greater Kuala Lumpur’s proposition as a top investment destination has been well established.

An agency under the ministry of investment, trade and industry (Miti), InvestKL is an investment promotion agency focused on attracting multinational corporations and tech unicorns to establish their regional hubs and undertake regional activities in Greater KL.

Miti minister Tengku Zafrul Aziz said Malaysia is committed to policies aimed at creating a high-value business ecosystem to attract strategic investments, as well as realise the nation’s long-term sustainable and inclusive growth.

“InvestKL’s continued success in securing quality investments for the Greater KL area is a testament to Malaysia’s conducive business landscape, which has, in turn, developed Malaysia’s competitiveness and resilience on the global stage.

He said the government will continue to enhance the country’s ease of doing business and investment facilitation while also securing domestic business prospects and improving the livelihoods of Malaysians towards a more broad-based and inclusive economic growth.

InvestKL said the strong investor momentum builds on its record performance in 2022, which attracted investments valued at RM2.79 billion with the creation of 2,805 high-skilled executive jobs through the establishment of 13 global services hubs.

CEO Azmi Zulkifli, said the first-half results bodes well for its 2023 target to attract investments in global services hubs in the digital and technology arena that will lead to the creation of high-skilled jobs for Malaysians.

“I am confident with our pipeline of investors for the remaining year; closing with a series of investments shall keep us on track to secure RM35 billion by 2030,” he said.

InvestKL said global technology investment is projected to grow by 5.1% in 2023, and Malaysia is poised to experience a similar surge.

“Recently, Malaysia has also seen an increasing number of new digital and data centres, with various foreign investors building capabilities in digital, technology, and artificial intelligence (AI).

“This aligns closely with the (government’s) framework to capitalise on digital and technology advancement in achieving sustainable development,” it said.

InvestKL has attracted over 130 global services hubs of foreign multinationals to Greater KL that employs more than 19,000 executives with an average monthly salary of RM13,000.