InvestKL sets lower target this year on external headwinds

PUTRAJAYA: InvestKL has set a lower target of bringing in 10 multinational corporations (MNCs) this year to invest in the Greater Kuala Lumpur, compared with the 13 MNCs secured in 2016, in view of the challenging global environment.

Speaking at a press conference on performance report here today, InvestKL CEO Datuk Zainal Amanshah said this year's target has taken the current market conditions into consideration, especially when the decision making cycle is getting longer for MNCs.

"It's more realistic to set the 10 MNCs target for 2017," he noted.

Following that, Zainal admitted that it is an uphill task for InvestKL to achieve its target to attract 100 MNCs to Greater KL by 2020. Since July 2011, a total of 64 MNCs have set up operations here.

InvestKL is the government's investment entity aimed at attracting and facilitating the establishment of MNC regional headquarters into Greater KL.