These investments, secured amidst global challenges, reaffirm Greater Kuala Lumpur’s (Greater KL) appeal as a top investment destination, bolstered by the country’s ease of doing business, robust infrastructure, skilled talent pool, and vibrant ecosystem driven by collaboration and innovation.

Malaysia recorded an impressive Q1 2024 investment progress of RM83.7 billion, a 13% increase over the same period last year, of which 47% (RM39.3 billion) are from the services sector, marking a shift towards service-oriented investments. Reflecting these results, InvestKL’s new investments include the establishment of the following services hubs from the Americas, Europe, and Asia region:

• A Data Centre by the largest global data centre and co-location provider from the USA

• A Centre of Excellence by the world’s largest premium label and packaging provider from the USA

• A Global Operation Centre by a leading provider of integrated software solutions from the United Kingdom

• An APAC Global Business Services Hub by the United Kingdom's leading global recruitment company

• An EPCI Execution Centre by a global offshore energy solutions company from Japan

• A Digital Lab Headquarters by Singapore’s foremost telecommunication provider of innovative technologies and sustainable solutions

Datuk Muhammad Azmi Zulkifli, CEO of InvestKL said, “The first-half results demonstrate InvestKL’s continued impact in solidifying Greater KL’s status as a top investment destination in the region. This aligns well with our 2024 target to attract global services hubs with a focus on technology and cutting-edge activities that will spur high-skilled jobs for Malaysians. Through our engagements, it is evident that more eyes are now on Malaysia, and global companies are eager to capitalise on the country’s strength to deepen their investments and broaden their regional presence from Greater KL.”

As of today, InvestKL has attracted over 140 Global Services Hubs by leading companies employing more than 27,000 executives with an average monthly salary of RM17,000.

Malaysia's stable outlook and recent rationalisation efforts have contributed to a surge in foreign direct investments (FDIs) followed by growing investments in digital technologies, including software, Generative AI (Gen AI), green innovations, and data centres. The country also anticipates a wave of investments in green energy and sustainability through the National Energy Transition Roadmap (NETR), further building capabilities in the digital technology sector. With Malaysia’s anticipated economic growth of 4% to 5% this year, driven by improved investment and external demand, InvestKL's strategic direction will focus on attracting global services from key sectors such as digital and technology, engineering, health tech, and renewable energy, while also emphasising human capital development.