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KUALA LUMPUR (March 9): InvestKL will undergo a transition under the Malaysian Investment Development Authority (Mida) as part of the government’s broader effort to streamline investment promotion functions, strengthen inter-agency coordination, and enhance the overall investor experience.
The transition supports national economic priorities, including those outlined in the New Industrial Master Plan and Malaysia’s long-term ambition to attract more high-value, innovation-driven investments.
InvestKL, which is the investment promotion agency for Greater Kuala Lumpur (Greater KL), said that the transition marks a new phase for the nation’s investment landscape.
“We believe under Mida’s stewardship, this mission will continue with even greater scale and synergy. The focus on attracting high-value, high-growth investment into Malaysia and Greater KL remains unchanged, and we are confident that the unified strengths of both agencies will accelerate the nation’s investment trajectory,” said InvestKL in a statement on Monday.
The agency assured that all ongoing engagements with multinational companies (MNCs), prospects, and ecosystem partners will continue seamlessly under Mida’s facilitation structure.
Both agencies are closely coordinating to ensure uninterrupted support for current operations, expansion plans, and future investments within Greater KL.
Since its establishment, InvestKL has attracted more than 150 MNCs, representing total investments of RM37 billion and creating over 33,000 high-skilled jobs.
These achievements provide a strong foundation for Malaysia’s investment ecosystem as the agency transitions under Mida.
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