RECODA engaged with InvestKL in an information sharing session today on attracting investment into upstream and downstream activities as well as on developing in-house databases on potential investors.
InvestKL Senior Manager (CEO’s Office) Jason Cheng and Investor Relations (Asia) Director Mah Chun Wai spoke on their experience in drawing multinational corporations (MNCs) to establish their regional hubs and undertake regional activities in Greater Kuala Lumpur.
InvestKL, an agency under the Ministry of International Trade and Industry, partners with various government agencies to attract MNCs from USA, Europe and Asia Pacific to conduct their regional business and high-value business services activities to enhance their company’s growth in Asia.
InvestKL also works to bring investments to the country’s five economic corridors, including the Sarawak Corridor Of Renewable Energy (SCORE), and is in talks with Chinese companies and global MNCs from the technology, logistics and manufacturing sectors that are interested to expand their capacity or set up regional headquarters in Malaysia
Meanwhile, RECODA Facilitation & Coordination Manager Khairina Dawek spoke of SCORE’s advantages, which available land for industrial uses, competitively priced hydropower and other incentives. She added that RECODA is open to future collaborations with InvestKL regarding investment promotion.
RECODA is a statutory body set up in 2006 to oversee and manage the SCORE project. RECODA is the lead agency to implement development projects in the SCORE region, in addition to drawing investors to the state.