KUALA LUMPUR, June 13 (Bernama) — Cyberjaya, the ‘Silicon Valley of Malaysia’, is an attractive investment destination for European businesses, InvestKL and the European Union (EU) said in a joint statement.
Ambassador and Head of the European Union Delegation to Malaysia, Luc Vandebon, said the EU and its member states had worked closely with Malaysia at a federal level, but these initiatives needed to be brought to life on-the-ground through closer engagement with Malaysia agencies like InvestKL as well as local businesses.
“Our visit today showcased a number of the technological advancements being made by multinational companies operating in this hub and this is prime example of where EU multinational companies can use this hub successfully to support their business growth for the Asean region and globally,” he said.
The EU ambassadors and trade counsellors Thursday visited Cyberjaya as part of InvestKL’s plan to familiarise the delegation with business hubs in Greater Kuala Lumpur and attract more EU investment.
InvestKL chief executive officer, Zainal Amanshah, said the ambassadors and trade officers were impressed with the developments and were very positive about the potential for more investment from EU multinational companies as well as collaboration with local partners.
Over 2,000 EU companies are present in Malaysia.
Last year, the EU was the largest source of foreign direct investment into Malaysia, as it invested about RM4 billion in approved manufacturing projects, ranking number one way ahead of Japan and Saudi Arabia.