Greater KL: Malaysia’s Transformation

Greater KL: Malaysia’s Transformation

/ / Published in Real Estate
The Greater Kuala Lumpur/Klang Valley (Greater KL) was designated as a National Key Economic Area (NKEA) under Malaysia’s Economic Transformation Programme (ETP). This allows it to enjoy greater government support for business and investment as the country seeks to transform into a high-income nation by 2020.

As the country’s capital, the region serves as the commercial pulse of Malaysia’s economic activity and houses some of the world’s largest multinational companies.

 
Keep Pace with Change
Home to a population of an expected population of 10 million people in 2020, the region, which is already Malaysia’s best-developed, has gained further impetus for economic growth from Entry Point Projects (EPPs) under the ETP. Central to these EPPs is to attract 100 of the world’s most dynamic firms within priority sectors by 2020, a responsibility that InvestKL has been tasked with and is already delivering on strongly.
 
Priority sectors comprise the ETP’s 11 other NKEAs
Agriculture Business Services Comm, Content & Infrastructure
Education Electronics & Electrical Financial Services
Healthcare Oil, Gas & Energy Palm Oil
Tourism Wholesale & Retail  
 
These NKEAs, including the Greater KL NKEA, were identified based on Malaysia’s competitive advantages and receive prioritised investment and policy support, creating a gateway to a myriad of opportunities for businesses to tap.
 
Mass Rapid Transit (MRT)
Mass Rapid Transit (MRT)
 
Greater KL’s investment proposition is also expected to growth further with the completion of the Mass Rapid Transit (MRT) system in 2016. With construction already in full swing, the rail-based transportation system, will integrate with the region’s existing public transportation systems and is aimed not only at saving commuting time, but catalysing greater commercial activity.
 
 
High-Speed Rail (HSR)
High-Speed Rail (HSR)
 
Further improving connectivity and prospects in Greater KL is the High-Speed Rail (HSR) system envisioned by the Malaysian government to connect Kuala Lumpur and Singapore. While still undergoing feasibility studies, the HSR, which is targeted for completion by 2020, is expected to reduce traveling time between the two leading cities of Southeast Asia’s leading cities to 90 minutes.
Invest in Greater KL: The Time is Now
Greater KL is poised to transform into one of the world’s top cities by 2020. In addition to creating a haven for bustling economic activity, Malaysia’s transformation will cement the region’s liveability, reinforced by efforts including the revitalisation of its rivers, environmental conservation and improving the pedestrian network.

As it develops into a true cosmopolitan hub, Greater KL can only continue to offer exciting prospects for businesses seeking a foothold in the flourishing Asian region. With the region attaining further progress in tandem with Malaysia’s transformation, the time is ripe for investors to ride on growth opportunities in Greater KL.

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