2023 Performance Report - Insights

"In 2023, InvestKL marked an outstanding year, supported by a surge in trade performance and domestic demand. This achievement is reflected by the impressive full-year gross domestic product (GDP) growth of 3.7%. This phenomenal progress was driven by the thriving services sector, which consistently accounts for more than half of the country’s GDP."

Datuk Muhammad Azmi Zulkifli

CEO of InvestKL

Invest KL Corporation (InvestKL) is an investment promotion agency focused on attracting global multinationals and fast-growing companies to establish their regional hubs in Greater Kuala Lumpur (Greater KL). Having achieved its initial goal of attracting 100 companies by 2020, InvestKL is on its way to attract a new wave of high-impact and technology-oriented investments in line with the sustainable and green growth agenda.

As an agency under the Ministry of International Trade and Industry (MITI), InvestKL provides ‘specialised’ facilitation services, geared towards fast-tracking multinational investments, contributing to industry growth, and fostering sustainable high-income executive jobs in Greater KL.

We Stay True to Our Purpose

InvestKL has achieved a significant milestone by successfully attracting RM8.70 billion in investments, marking an impressive 300% year-on-year growth rate. These investments were secured from 12 prominent multinational corporations (MNCs), resulting in the creation of over 8,000 executive-level jobs in 2023 alone. With this achievement, our total committed investments since 2011 have reached RM29.79 billion, contributing to the creation of more than 27,000 executive jobs for the people. As an agency under the Ministry of Investment, Trade, and Industry (MITI), InvestKL remains steadfast in its commitment to continue attracting high-quality investments to Greater Kuala Lumpur (Greater KL) and Malaysia at large.

Key Highlights

RM8.70 Billion

Committed Investments

Leading Global Companies

more than

8,000

Executive Jobs Created

Overall Achievements (2011-2023)

RM29.79 Billion

Committed Investments

more than

130

Leading Global Companies

more than

27,000

Executive Jobs Created

Moving Ahead

As we navigate through 2024, we maintain strong confidence in the ongoing enhancement of Greater KL status as a strategic global investment hub. This confidence stems from the region's investor-friendly policies, diverse and multilingual talent pool, and thriving ecosystem. Our focus remains steadfast on attracting high-quality investments to Greater KL and Malaysia, with the overarching goal of achieving shared prosperity and sustainability for all, in alignment with the principles of the MADANI Economy.

I would like to extend my heartiest congratulations to the team on another year of great work done in pursuing global and regional services investments by leading global companies into Greater KL and Malaysia. Since 2021, InvestKL has secured more than RM21.52 billion of committed investments to date from over 120 multinational companies. In addition, over 19,000 high-skilled executive jobs were also created for Malaysians with greater opportunities for regional roles to be offered to our young talent.

Datuk Seri (Dr) Michael Yam

Chairman of InvestKL