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buy apple developer account:InvestKL sets RM1bil target for this year

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KUALA LUMPUR: Malaysia is aiming to attract more quality foreign investments that will see more high-skilled labour being hired.

“With regard to investments that are going to other countries, we believe it depends on what that particular country’s advantage is, ” said InvestKL CEO Muhammad Azmi Zulkifli.

InvestKL is a government agency under the purview of the Ministry of International Trade and Industry (Miti).

According to its presentation pack, there were 10,411 jobs that were created from foreign investments from 2011 to 2020 which had an average salary of RM10,384, of which some 83% or 8,646 of people hired were Malaysians.

The inward foreign investments had created 14,111 highly-skilled regional jobs.

“With regard to investments that are going to other countries, we believe it depends on what that particular country’s advantage is, ” said InvestKL CEO Muhammad Azmi Zulkifli.

The jobs created in Malaysia contributed to more than RM173mil in estimated personal income taxes to the government over the nine-year period, the agency said.

InvestKL also said it realised incoming foreign investments totaling almost RM11.4bil from the 2011 to 2020.

Investments into Malaysia also contributed to spin-off effects on the broader economy with an increased usage of ancillary services such as professional services firms, hotels and exhibitions, real estate specialists, banking and finance and the logistics and supply chains.

InvestKL planned to attract at least 10 multinational companies (MNCs) to set up their base and operations in Malaysia with investments totaling a minimum of RM1bil in 2021.These would be focused on investments that can establish regional service hubs, that can then be a catalyst for high value, high tech and high impact sustainable projects, the government agency said.

It would also help move Malaysia up the supply value chain.

“This is our baseline target of RM1bil investments in Greater KL this year. But we will aspire to do better than this, ” Azmi said yesterday.

He said investments in this area that could soon be announced included those in the insurance industry with up to two separate investments in this category.

“They utilise a lot of big data analytics.

“We are also looking how they can oversee their activities with regard to how they oversee many of their installations across Asia from this centre.

“So, it is a lot of management as well as engineering.

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