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Investkl Looks To Attract 13 Mncs To Establish Regional Headquarters In Greater Kl


KUALA LUMPUR, Feb 18 — InvestKL aims to attract 13 Multinational Corporations (MNCs) this year to establish their regional headquarters in Greater KL.

The government investment entity was set up specifically for this purpose.

Chief Executive Officer Datuk Zainal Amanshah said the move would be driven by very attractive sectors such as oil and gas, engineering and services, information communication technology and aerospace.

Zainal said Greater KL would also entice companies in the retail space that want to look at optimal allocation with good cost structure, connectivity and logistics.

He also said InvestKL was on track to fulfill the mandate of attracting 100 MNCs by 2020.

To date, InvestKL has successfully attracted 51 MNCs with approved and committed investments of RM5.88 billion, as well as the creation of more than 7,000 regional jobs.

The investments are spearheaded by European companies (24) followed by the United States (16) and Asia Pacific countries (11).

The majority of investments are focused in five sectors, namely Business Services, Global Commodities Trading, Oil and Gas, Engineering Services and Industrial Products.

The companies include American conglomerate and innovation leader Honeywell, Japan’s leading entertainment provider, Kadokawa Corp and McDermott International, which has relocated its Asia Pacific headquarters from a neighbouring country to Greater KL.