InvestKL CEO Zainal to step down on July 10

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KUALA LUMPUR (June 13): InvestKL chief executive officer Datuk Zainal Amanshah (pictured) will step down from his position upon the completion of his contract on July 10, 2019.

In a statement today, InvestKL said Zainal was appointed the first CEO in 2011 and will have served a full eight-year term.

It said he is leaving to pursue opportunities within the private sector.

During his tenure, InvestKL said it had successfully attracted 80 multinational corporations (MNCs) as of May 31, 2019, bringing in a total of committed and approved investments of RM12 billion into Greater Kuala Lumpur.

Zainal said Malaysia is in a position of strength with its business friendly environment and resources to attract high value, high skilled and innovation-led investments.

"Despite the global economic volatility amid the US and China trade tensions, among others, the InvestKL investment pipeline remains resilient.

"We continue to see healthy interest from US, European, Chinese and Japanese MNCs to set up regional services and innovation hubs in Malaysia. These companies come from our targeted sectors which include smart technologies, consumer technologies, e-commerce, medical devices, industrial automation as well as energy and renewables," he said.

InvestKL chairman Datuk Seri Michael Yam said Zainal had been an inspirational leader to the InvestKL team, having led the agency in achieving many key milestones for the agency.

Yam also announced the appointment of Muhammad Azmi Zulkifli as acting CEO effective July 1, 2019.

"I am confident that Azmi will continue to champion Greater KL as a destination of choice for global MNCs to establish their regional business and innovation centres," he said.