10 reasons why Greater Kuala Lumpur/Klang Valley (GKL/KV) is the preferred investment destination
GKL: Top 20 cities in the world by 2020
Commitment to enhance the liveability of GKL. The aim is for the city to achieve a top-20 ranking in the EIU Liveability Index Survey by 2020
Focus to grow GKL into one of the world's top 20 cities in terms of economic growth
GKL/KV is at the centre of high growth Asian markets; robust trade and domestic demand with a huge market potential of 3.6 billion people
Strategically located in Asia, connecting the Far East to Southeast Asia, Europe and the Middle East
6 - 8 hour flight radius to region’s key business centres including Bangalore, Beijing, Dubai, Hong Kong, Seoul, Sydney, Shanghai, Taipei and Tokyo
World-class infrastructure with superb road, rail, sea and air connectivity
Advanced communications infrastructure; mobile, Wi-Fi and broadband services
Conducive business environment
Investor-friendly incentives and tax policies
An ecosystem which facilitates ease of doing business. In the World Bank’s Report on Doing Business 2014, Malaysia improved 6 positions to 6th from 12th in 2013 amongst 183 economies in Ease Of Doing Business
Investor protection measures are amongst the world’s best. The World Bank’s Report on Doing Business 2014 also ranked Malaysia first for "Getting Credit", fourth and fifth places for "Protecting Investors" and "Trading Across Borders" respectively.
Ample investment and business opportunities
There are myriad business and investment opportunities within 12 key sectors under the Economic Transformation Plan (ETP)
The sectors are Greater Kuala Lumpur/Klang Valley; Oil, Gas and Energy; Financial Services; Wholesale and Retail; Palm Oil; Tourism; Electronics and Electrical; Business Services; Communications Content and Infrastructure; Education; Agriculture; and Healthcare
Proven track record
Home to multinationals including BMW, British American Tobacco, Citibank, Exxon Mobil, GlaxoSmithKline, HSBC, Ikea, Nestle, Nokia, PayPal, Philip Morris, Prudential, Tesco, Motorola, Schlumberger, Shell and many others
Citibank and GlaxoSmithKline have been operating in Malaysia for over 50 years
Well-educated and multilingual workforce
The quality of Malaysia's workforce is one of the best in the region
Attractive policies and incentives to attract top Malaysian talent back from overseas as well as foreign talent
Competitive business cost
High-value work activities at competitive cost. Employee compensation is up to 75% lower than that of the U.S.
Prime office rent is amongst the lowest in the region, around RM7 per sq ft or USD2.25 per sq ft per month in prime locations. Global Office Forecast 2013-2014” dated December 2012 said KL will continue to offer the lowest rental per square foot in the class A/prime rents in 2013 and 2014 in comparison to Singapore, Jakarta and Bangkok.
Low and stable inflation rates over the past two decades. As at May 2013, Malaysia’s inflation rate stands at 1.8%.
Quality living at affordable cost
GKL is one of the least expensive cities to live in, ranked 102nd in Mercer's 2012 Cost of Living report which covers 214 cities across five continents
Excellent facilities from international schools, healthcare/medical centres and shopping malls to a thriving nightlife with varied restaurants, pubs and clubs
Abundance of man-made and natural attractions including tropical islands, forest reserves and hill resorts
Commitment to make Malaysia more competitive
Six Strategic Reform Initiatives (policy reforms) to make Malaysia more competitive and appealing to investors
These include liberalisation, talent development, improving liquidity in capital markets and adopting measures to avoid crowding out the private sector
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"We have decided to open a regional office in Kuala Lumpur as the
city is the launch pad to Southeast Asia.
"With an attractive ecosystem for inward investment, world-class infrastructure,
strong economic frameworks and access to the rest of the ASEAN region, Kuala Lumpur
will offer a fitting environment for Altran to continue to grow our presence in
the market across our key business areas – aviation, automotive, healthcare,
telecoms and smart society.
"As a facilitator of investments into Greater Kuala Lumpur, InvestKL
has been an excellent partner.
"Their ability to bring outside-in perspective, understanding of MNCs' constrains
and a consultative behaviour is commendable. GKL is also one of the best places
to nurture talent for innovation. With a more structured industry driven education
system, this can be enhanced.
"Kuala Lumpur is a tremendous, vibrant city. The people are very
diverse and embrace people from all walks of life.
"Kuala Lumpur is both very cosmopolitan and at the same time very warm and friendly.
There are a wide variety of cultural activities and opportunities, transportation
is good and improving, and prices are reasonable. It is a safe city and the government
is very forward thinking.
"Greater Kuala Lumpur has well established Infrastructure in terms
of logistics and IT; there is easy availability of talent for regional roles, and
availability of related service providers which are critical factors for our business.
"In addition, the ease of doing business; the simplicity of company registration,
the stable government policies (which do not change every few months) and the freedom
and ease of fund transfers are great advantages of doing business in Malaysia. InvestKL
has also been very efficient and very responsive in meeting our requirements.
"Greater Kuala Lumpur is a great place for our business; Malaysia
has investor friendly policies, attractive and competitive tax incentives, and good
"Having been in Malaysia since 1975, we have seen numerous timely reforms carried
out by the government to ease domestic regulations which allow the private sector
to continuously grow their businesses.
We rate the ease of doing business in Kuala Lumpur 8 out of 10.
"We are projecting stronger revenue growth from Asia following
our investments in Malaysia.
"Our manufacturing plant in Penang and regional financial hub in Kuala Lumpur will
play a key role in supporting our clients in Malaysia, Asia and the Middle East,
and in the expansion of our business in these key markets.
"Malaysia is also ideal for our financial hub as it offers highly qualified financial
professionals with excellent customer service attitudes. The country is open to
attracting knowledge-based activities and offers an excellent business environment,
with a Government committed to the development of education and infrastructure."
“This centre is critical to IBM’s ability to offer
our clients support at any level local, regional and global to provide the flexibility,
scalability and security our clients expect.
"We selected Malaysia for our newest facility based on the strong public-private
partnership with the country and Cyberjaya, its competitive business model, and
the talent and skills that the Malaysian people have to offer.
“The global delivery centres are a major component of IBM’s strategy
to be a globally integrated enterprise, which allows us to perform work anywhere
in the world where we have the right skills and the right environment for business
to drive profitable growth. Our new center in Cyberjaya is now a core component
of that global network. We believe it will be a model for the delivery of technology
services and just as importantly, it will be role model for a public/private partnership
that creates new opportunities for Malaysians.”
“T&D technology can be highly value–added and currently
manufacturing of complex high voltage (HV) T&D equipment is mostly done in Europe
“Toshiba Corporation has selected Malaysia as a global supply chain hub, regional
full turnkey (FTK) center and an R&D center for its T&D equipment due to
the availability of excellent technical resources and its strategic location to
address the fast growing ASEAN market for these products.
“Malaysia is one of the established T&D markets in the ASEAN region, and
established reputation of Malaysian-made products supports the manufacturing requirements
in the industry.”
"We chose Malaysia as its multi-lingual and skilled workforce is
ideal for our regional and global support services.
"Our regional center in Kuala Lumpur offers service and support for customers across
Southeast Asia. It also provides operational support for our global payment service.
"This demonstrates our commitment to offer a safer, more secure online payment platform
to millions of customers in the region, especially in Southeast Asia."
"Citibank remains committed to our customers and will continue
with our investments to grow our business in Malaysia.
"Throughout our 50 over years in Malaysia and as one of the leading foreign banks
in Malaysia, Citibank has been an active contributor and leading player in the dynamic
growth of the local banking industry.
"There are significant business opportunities in Malaysia as we look forward to
to invest in Malaysia as the economy transforms under the Economic Transformation