The challenging global economy and rising costs in traditional markets are prompting multinational companies (MNCs) to consider Southeast Asia, especially Malaysia, as a strategic alternative for their business.
CBRE | WTW managing director Tan Ka Leong says Malaysia’s cost-effectiveness, skilled English-speaking workforce, and solid infrastructure make it attractive for shared services and business process outsourcing (BPO) operations.
He says there has been a significant increase in enquiries from MNCs, especially for shared services and BPO operations in Malaysia.
Juwai IQI’s CEO, Kashif Ansari there has been a rise in MNCs setting up in Kuala Lumpur, drawn by Malaysia’s strategic location and business-friendly environment.
Significant investments include Alton Industry’s RM2 billion manufacturing facility and GlobalFoundries’ new office with 300 high-value roles.
Supply chain disruptions have led MNCs to adopt a “China plus one” strategy, seeking stability by diversifying beyond China.
While demand for prime office and manufacturing spaces is increasing, experts say rates are only likely to climb in high-demand areas.
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