PUTRAJAYA: InvestKL expects to attract at least 10 multinational corporations (MNCs) to set up their regional establishments in greater Kuala Lumpur this year, amid an anticipated challenging global economy. InvestKL, which has been mandated by the government to attract and facilitate large foreign multinational investments into greater Kuala Lumpur/Klang Valley, targets to attract a total of 100 MNCs by 2020. In 2016, InvestKL aimed to attract at least 13 MNCs to establish their regional presence in greater Kuala Lumpur. Last year, InvestKL successfully attracted 13 MNCs with approved and committed investments of RM3bil as well as creation of 1,863 regional jobs. “Since 2011, European companies have predominantly shown interest to invest in greater Kuala Lumpur,” said Zainal.

Source: The Star March 01, 2017 23:16 UTC