InvestKL attracts RM1.68bil investments in first half

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KUALA LUMPUR: InvestKL has attracted RM1.68 billion worth of investments in the first half of 2022 (H1 2022), creating 1,919 high-skilled executive job opportunities.

In a statement today, InvestKL, an agency under the Ministry of International Trade and Industry (MITI), said the investments included the establishment of six well-known multinational corporations (MNCs) from the United States (US), the United Kingdom (UK), China, and Australia.

"These companies cover various industries such as food, technology, software development and pharmaceutical,” it said.

Chief executive officer Muhammad Azmi Zulkifli said major trade deals like the Regional Comprehensive Economic Partnership (RCEP) which just came into force earlier this year, as well as Malaysia's aim to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2022, had held excellent promise for investors.

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"These major trade deals hold excellent promise as they will make Malaysia more attractive for companies seeking to diversify their supply chains and widen market access for goods and services as well as digital products,” he said.

Moving forward, Azmi said Malaysia needs to nurture more professionals such as big data engineers, cybersecurity experts and accountants to meet growing investors’ demand, as this will support the country’s objective of attracting high-value, high-technology and high-growth companies, in line with the National Investment Aspiration (NIA) aims at balancing economic development with environmental sustainability.

In addition, he said greater emphasis must be given to the environmental, social and governance (ESG) agenda to further enhance the readiness of the country’s ecosystem and infrastructure in embracing sustainable development.

"We must keep ourselves at the forefront of ESG while capturing emerging opportunities in the shift towards a greener planet, as renewable energy offers huge potential, and Malaysia needs to accelerate on this front to remain competitive," he said. - Bernama