KUALA LUMPUR: An investor guide to Greater Kuala Lumpur has been released by PwC Malaysia in collaboration with InvestKL to highlight why it is the ideal business hub to tap into Asia's emerging market.
Entitled "Greater Kuala Lumpur: Bridge between Asia and the world", the report draws on the latest research and analysis to explore the sectors of opportunity in Greater KL, namely oil and gas, technology, consumer goods and industrial products, and engineering and construction services.
It highlights foreign investors’ interest in using Malaysia and Greater KL as their regional operational hub to tap into the growing opportunities in emerging Asia.
“A robust pool of talent, world-class infrastructure and attractive government incentives to spur investments are among the key factors enhancing Greater KL’s potential as a regional business hub,” said Sridharan Nair, managing partner of PwC Malaysia.
"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," added Datuk Zainal Amanshah, CEO of InvestKL.
Among the reasons highlighted by the report by Greater KL is a good investment destination for companies:
*Consistent rankings in international benchmarking studies
Greater KL is among the Top 10 cities and economies in Asia according to studies like the AT Kearney Global Cities Index and DHL Global Connectedness Index.
* Liveability and culture
Greater KL boasts of a multilingual workforce. Expatriates can also look forward to a range of modern amenities covering retail, accommodation, healthcare and private schools.
* Human capital and innovation
Malaysia is recognised as one of the top Asian countries in terms of developing, attracting and retaining talents, in a business environment conducive for innovation.
* Technological readiness
Malaysia is among the top 10 exporters of high-technology products in the world and is ranked 6th in Asia in terms of networked readiness.
* Cost-competitiveness
Competitive corporate and personal tax rates, low cost of living and a relatively low cost of business occupancy are among the factors contributing to Greater KL’s cost-competitiveness.
* Attractive investment incentives
The Principal Hub incentive and the Multimedia Super Corridor (MSC) Malaysia status are among the incentives making Greater KL an attractive place for both regional and global businesses.
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