InvestKL in talks with 5 MNCs

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INVESTKL, the specialist investment agency for Greater Kuala Lumpur, is in talks with five multinational corporations (MNCs) to make Kuala Lumpur their business hubs.

The companies are from the US, Europe and Japan, InvestKL chief executive officer Zainal Amanshah said yesterday.

He said once the deals are finalised, the names of the MNCs and the sectors they are in will be announced.

If all goes well, this will make the number of corporations confirming their interest in KL to 22, he said here yesterday.

This year, InvestKL is targeting to attract at least 10 large MNCs, he said, adding that their “stretch target” is 12.

Since the agency’s inception about 18 months ago, InvestKL has attracted 17 MNCs, which will create 15,113 jobs and generate a gross national income (GNI) of up to RM2.71 billion by 2020.

The government’s target is for the agency to attract 100 MNCs from the list of Fortune 500 or Forbes Global 2000 list, to invest in the Greater KL/Klang Valley by year 2020.

They are expected to contribute RM40 billion in GNI by 2020 and more than 60,000 jobs by then.

Six of the 17 confirmed MNCs are Schlumberger, Vale, IBM, Worley Parsons, Aecom and Toshiba.

Out of the 17, six are establishing their centres of excellence, five their operational headquarters, four their shared services centres, one setting up hub for its trading of non-petroleum commodities and one for its retail business.

“We encourage MNCs to set up their control towers or nerve centres here. We want to turn the capital city for all headquarters-type of operations, be it management, finance or trading activites,” said Zainal.

Also present at the media briefing yesterday were International Trade and Industry Minister Datuk Seri Mustapa Mohamed, Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin and Performance Management and Delivery Unit (Pemandu) chief executive officer Datuk Seri Idris Jala.

Mustapa said InvestKL’s agenda will allow Malaysia to move up the value chain and will produce world-class talents.

He added that the proposed high-speed rail between KL and Singapore will be an added bonus to attract large foreign companies to KL.

Business Times : nation

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