KUALA LUMPUR (March 9) – InvestKL, the investment promotion agency dedicated to Greater Kuala Lumpur, will transition under the Malaysian Investment Development Authority (Mida) as part of the government’s initiative to streamline investment promotion, enhance inter-agency collaboration, and improve the overall experience for investors.
The move aligns with national economic strategies, including objectives set out in the New Industrial Master Plan, supporting Malaysia’s ambition to attract high-value, innovation-driven investments.
InvestKL highlighted that the transition represents a new phase for the Greater KL investment landscape. “Under Mida’s stewardship, we anticipate this mission will continue at greater scale and efficiency. Our focus on drawing high-growth, high-value investments into Malaysia and Greater KL remains unchanged,” the agency said.
Ongoing engagements with multinational corporations (MNCs), prospective investors, and ecosystem partners will proceed seamlessly under Mida’s facilitation structure. Both agencies are coordinating closely to ensure uninterrupted support for existing operations, expansion plans, and future investments across Greater Kuala Lumpur, including prime locations for office space in Bukit Jalil, industrial land in Selangor, factories in Puchong, and commercial property in KL.
Since its inception, InvestKL has successfully attracted over 150 MNCs, representing total investments of RM37 billion and creating more than 33,000 high-skilled jobs. These milestones provide a solid foundation for Malaysia’s investment ecosystem as the agency integrates with Mida, further strengthening Greater KL as a hub for strategic industrial, commercial, and office developments.
The transition is expected to accelerate Malaysia’s investment trajectory while supporting sustainable growth in Greater KL, benefiting both domestic enterprises and international investors seeking opportunities in the region’s expanding industrial and office property sectors.
Vietnam