KUALA LUMPUR (April 18): Investment in Kuala Lumpur
(InvestKL) and the Malaysian Investment Development Agency are actively
engaging with manufacturers and investors to actively attract investment
transfer and reinvestment activities during the US-China trade war supply chain
disruption. There will be results in the year.
Investor Kuala Lumpur Institutional Chief Executive Datuk
Zain Naman Shah said that the agency and the Malaysian Investment Development
Agency (MIDA) are actively attracting investment activities, not only in the
service industry, but also actively attracting manufacturing reinvestment.
He said that the current US-China trade war appears
uncertain situation, in order to avoid disturbance of the supply chain,
international manufacturers plan to transfer investment in China. Malaysia is
an attractive investment location.
"Malaysia has launched a direction of Industry 4.0,
which will attract multinational companies, and China will continue to maintain
the continuity and transparency of the policy, allowing investors to come
forward to make long-term investments."
Datuk Zain said that whether it is industrial products or
consumer products production activities, many companies are now beginning to
explore whether to transfer some production activities to Kuala Lumpur or
Malaysia.
Looking at 13
foreign investment this year
Investing in Kuala Lumpur institutions attracted 12
multinational companies to invest RM2.3 billion in 2018 and created 1,339 regional
employment opportunities. The goal of 2019 is to attract 13 multinational
companies to invest.
The chairman of the agency, Datuk Seri Ren Guangcai,
pointed out that compared with the RM2.2 billion in 2017; the agency’s
above-mentioned capital expenditure was flat, not because of the change in the
political situation in Malaysia, but because of external factors.
A total of 11.7
billion investments since 2011
From the cumulative amount of capital draws from 2011,
the agency has a total of 78 multinational companies investing RM11.7 billion
and manufacturing 11,693 high-tech employment opportunities; 64% or 7516 jobs,
80% or 6013 jobs average annual salary RM110, 124.
The agency attracted 12 global Fortune 500 companies last
year, namely Orange in France, Metlife in the US, Electrolux in Sweden, EY in
the UK, and Accenture in Ireland, Persolkelly in Japan and the United States,
and Pacific Construction Group (CPCG) in China. Wood in the UK; in addition to
rising companies such as Australia's Pickles Auctions, China's United Imaging
Group, Germany's Bertling and Zalora.
The above-mentioned multinational companies have set up
Asia-Pacific transformation hub, Asia-Pacific headquarters and Asia-Pacific
digital transfer center in Greater Kuala Lumpur.
He said that the focus of capital investment is on
multinational companies from the United States, China, Japan and South Korea,
all of which are in technology, consumer technology, e-commerce, medical
equipment, industrial automation, energy and renewable energy.
Datuk Zain said that Kuala Lumpur remains a major
investment destination and its fundamentals remain strong, mainly due to its
geographical location, infrastructure quality and resources.
He said that in the 2019 ranking of the World Bank's
Global Business Report, Malaysia has made nine more rankings to 15 of the
world's 190 economies, while in the intellectual property ranking of 24 in 50
economies; the smart industry is respected as the source of creative survival
and perseverance.
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