InvestKL to transition under MIDA as part of national investment promotion consolidation

• Claims to have secured US$8 bil in investments & 33,000 jobs since 2011
• Move aims to strengthen coordination in attracting high-value investments

InvestKL will transition under the Malaysian Investment Development Authority (MIDA) effective 15 March 2026 as part of the government’s effort to streamline national investment promotion and enhance coordination in attracting high-value investments.

The move is aligned with Malaysia’s broader economic priorities, including those outlined in the New Industrial Master Plan (NIMP) 2030, which aims to strengthen the country’s ability to attract innovation-driven investments and deepen industrial capabilities.

InvestKL said ongoing engagements with multinational corporations (MNCs), investment prospects and ecosystem partners will continue seamlessly under MIDA’s facilitation structure. Both agencies will work closely to ensure uninterrupted support for existing operations, expansion plans and future investments within Greater Kuala Lumpur.

Since its establishment in 2011, InvestKL has attracted more than 150 multinational corporations to Greater Kuala Lumpur, generating total investments of about US$8 billion (RM37 billion) and creating over 33,000 high-skilled jobs. According to the company, these achievements provide a strong foundation for Malaysia’s investment ecosystem as the agency transitions under MIDA.

An InvestKL representative said the agency’s track record reflects its role in strengthening Greater Kuala Lumpur’s position as a destination for high-value, innovation-led investments.

“Over the years, we have worked closely with leading global companies to build capabilities, create high-skilled jobs and strengthen Malaysia’s and Greater KL’s position in the regional and global economy,” the representative said.

The agency added that the transition marks a new phase for Malaysia’s investment promotion framework, with the unified capabilities of InvestKL and MIDA expected to further strengthen the country’s ability to attract high-growth investments.

InvestKL said its focus on attracting high-value, innovation-led investments into Malaysia and Greater Kuala Lumpur will remain unchanged under MIDA’s stewardship.

The agency will continue working closely with MIDA, the Ministry of Investment, Trade and Industry, and other government agencies to ensure continuity in investor engagement and sustained value creation for the country.

InvestKL also expressed appreciation to stakeholders who have supported its mandate since its establishment, including government agencies, multinational companies and ecosystem partners.