PWC & InvestKL release investor's guide to investment opportunities in Greater Kuala Lumpur

KUALA LUMPUR, 16 August 2017 - PwC Malaysia, in collaboration with InvestKL, yesterday released an investor guide to Greater Kuala Lumpur (KL), highlighting why it was the ideal business hub for regional and global companies to tap into Asia's emerging market.

PwC Malaysia Managing Partner Sridharan Nair said a robust pool of talent, world-class infrastructure and attractive government incentives to spur investments were among the key factors in enhancing KL's potential as a regional business hub.

Titled, "Greater Kuala Lumpur: Bridge between Asia and the world", the investor guide reported on the sectors of opportunity, namely oil and gas, technology, consumer goods and industrial products and engineering and construction services, he said.

The report highlighted foreign investors' interest in using Malaysia and Greater KL as their regional operating hub to tap into the growing opportunities in emerging Asia, said Sridharan in a statement.

"The ability to attract and retain investors is dependent on a compelling brand story and strong public-private partnerships in pursuit of socioeconomic growth.

"To earn investors' confidence, the relevant authorities need to have foresight, clear and consistent policies and the continued willingness to invest in infrastructure," he added.

Meanwhile, InvestKL Chief Executive Officer Datuk Zainal Amanshah said the company would continue to attract high value investments in diverse industries such as engineering, oil and gas, supply chain and commodity trading.

"Greater KL's thriving business ecosystem is a pull factor to multinationals wishing to expand into Southeast Asia – the fastest growing region in the world.

About InvestKL

Invest KL Corporation (InvestKL) is the government entity set up under the Economic Transformation Programme (ETP) to attract large global multinationals such as Fortune 500 and Forbes 2000 companies to undertake operational headquarters, international procurement centres, regional distribution centres or regional shared services centres in Greater Kuala Lumpur (GKL) and strategically grow their business in Asia.

Under the purview of the Ministry of International Trade and Industry (MITI) and Ministry of Federal Territories, InvestKL continues its engagement with PEMANDU Associates and works with Government Ministries, entities and agencies to formulate attractive fiscal packages, and help corporations identify business opportunities while strengthening their competitiveness regionally and globally.

Source: InvestKL

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