Malaysia: A thriving tech hub for local enterprises and MNCs

Over the last decade, Malaysia has seen substantial progress in its ambitions to be a thriving hub for businesses that want a facilitative base that allows for a broad reach into Southeast Asia. The country’s business-friendly environment, agile and multilingual workforce, excellent infra­structure and conducive regulations are just some of the reasons multinational corporations (MNCs) and home-grown companies make Malaysia their regional base.


The recent signing of the Regional Comprehen­sive Economic Partnership (RECP), the world’s larg­est free trade agreement represents a significant milestone in the integration and revitalisation of 15 economies. The agreement enhances Malaysia’s stand as an attractive investment and trading hub as companies can now leverage its bigger market access and integrated supply chain and explore venture opportunities, especially in the digital and technology space. The pursuit of international ex­pansion and domestic consolidation will only ac­celerate the idea of smart collaborations between local and global companies, solidifying Greater KL as a dynamic hub.


Technology is fast shaping and supporting Ma­laysia’s ambitions to become a digital economy and transform itself to adopt Industry Revolution 4.0 (IR4.0). These ambitions are well bolstered by the country’s facilitative policies, roadmaps and frame­works, as well as supportive.  These are some of the reasons why corporate gi­ants such as IBM, HP, Oracle, Samsung Electronics and Microsoft have been operating in Malaysia’s capital Kuala Lumpur for years, capitalising on the reliable ecosystem of the IT sector.


At InvestKL, we regularly reach out to companies that have set up their operations in Greater Kuala Lumpur to get feedback on why they chose Malay­sia as their base. This is to ensure that we continue to work progressively towards measures to be an attractive investment destination.


When UK interactive video game developer and publisher Double Eleven decided to expand its pres­ence, Malaysia was its first consideration outside of the UK. The company spent a good three years in discussions with government agencies, visiting schools and universities, meeting key industry players and tapping into their regional connections to get insights into Malaysia’s business climate before setting up base in Greater Kuala Lumpur in early 2020.  Double Eleven’s chief operating officer Mark South says it was able to witness first-hand the high levels of interest and ambition from the Malaysian people, an incredibly well-established ecosystem between government, businesses and educational institutions, as well as easy access to great talents. “All that made it really easy for us to make Malay­sia our country of choice.” More….

Source: InvestKL

Events on the same topic

Articles on the same topic

No news available.
Share this page Share on FacebookShare on TwitterShare on Linkedin

Are you starting to export ?