InvestKL wooed 12 MNCs with RM2.3b approved investments
KUALA LUMPUR: InvestKL attracted 12 multinational corporations (MNCs) with approved investments of RM2.3 billion last year.
This brings the total number of MNCs to 78 with approved investments of RM11.7 billion since 2011.
InvestKL chief executive officer Datuk Zainal Amanshah said between 2011 and last year, RM6.63 billion, or 57 per cent of the RM11.7 billion investments, had been realised.
“Despite being clouded by several external factors, including uncertainties in the United States and Europe, the US-China trade war and Brexit, Malaysia continues to attract MNCs due to its strong fundamentals.
“Kuala Lumpur remains a key investment destination. Our fundamentals remain strong and stable. Malaysia has considerable advantages in terms of location, infrastructure quality and resources,” he said at a briefing on InvestKL’s performance, here, yesterday.
The 12 MNCs are Orange of France, MetLife of the US, Electrolux of Sweden, Accenture of Ireland, Persolkelly of Japan and the US, China Pacific Construction Group and United Imaging of China, Wood of the United Kingdom, Pickles Auctions of Australia, and Bertling and Zalora of Germany.
In 2017, InvestKL attracted 12 MNCs with approved investments of RM2.2 billion.
For this year, Zainal said InvestKL had targeted 13 MNCs.
“InvestKL remains focused on attracting high-value, highskilled and innovation-led investments to create quality jobs for Malaysians.
“Despite a slower global economy and the US-China trade tensions, our investment pipeline is resilient as investment decisions are made over a longer period. We are confident of attracting similar investments this year,” said Zainal.
InvestKL is focused on attracting MNCs from the US, Europe, China, Japan and South Korea.
“These countries are strong in the six sectors we are pursuing — smart technologies, consumer technologies, e-commerce, medical devices, industrial automation, energy and renewables.”
Zainal said investors were positive about the Fourth Industrial Revolution blueprint, which aimed to make Malaysia the prime destination for the manufacturing and services industry.