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  Kuala Lumpur - An Asian Tiger That Roars




 Kuala Lumpur - Business Information

Business Facts

GDP per Capita: $11,100
Major Exports: Electronic Equipment, Petroleum & Petroleum Products, Palm Oil, Wood & Wood Products, Rubber & Textiles
Major Foreign Exchange Counters: Western Union
Key Industries: Rubber, Oil Palm Processing & Manufacturing, Light Manufacturing, Electronics, Tin Mining & Smelting, Logging. Timber Processing, Petroleum Production & Agriculture Processing
Major Industrial Areas: Klang
Major Business Hubs: Kuala Lumpur Convention Center, Putra World Trade Center, Mid Valley Exhibition Center (MVEC), Bursa Malaysia (Malaysia Exchange MYX), Kuala Lumpur City Center & Golden Triangle

Business Overview
Kuala Lumpur originated when a huddle of poor tin miners first crowded around the mosquito-ridden banks of the slimy Gombak & Klang rivers in 1857, little could they have imagined that within a century, the city would transform itself into one of Asia's most vibrant and compelling cities. KL has grown with bewildering speed after independence and particularly in the late 1980s and early 1990s, as the 'Asian Tiger' economy propelled an ever-changing skyline.

The city’s economy is largely dominated by the hotel industry with many 4-5 star hotels having professional, sophisticated and modern conference and incentive facilities. Local hoteliers along with multinationals have realized the growing market for this business and serious attempts are being made to expand the sector as a core business rather than just an add-on product for slow seasons.

Running hand in hand is the trade show and exhibition industry of the city which is run by world class event venues like Putra World Trade Center and Kuala Lumpur Convention Center. KL hosts hundreds of regional and international expo like MALBEX IPMEX and Securitex & Fire, captivating thousands of visitors to the city.

The tourism and hi-tech industries have also come to the fore over the past decade and has become a key focus of the economy, with the continuing emergence of the Cyberjaya area. A government appointed Multimedia Development Corporation project named Multimedia Super Corridor (MSC) has been developing continuously after years of delay. Its ambitious goals are to attract the world’s leading multimedia organizations.

Major Business Centers
Kuala Lumpur Convention Center (KLCC):
The premier convention and exhibition center in Kuala Lumpur, KLCC is a purpose-built venue with upto 40-hectare (100-acre) of space. Conceptualized to host global events with international standards including conferences, exhibitions, seminars, meetings and entertainment, the center is conveniently placed alongside extensive public transportation and hotels.

The five exhibition halls of the center are spread on around 10,000m2 of column-free space along with a banquet hall that can accommodate 740 theatre-style. For evening functions, there is a Grand Ballroom able to host 2,000 for gala dinners while there are 20 meeting rooms along with a four-star hotel and a city’s finest hotel Mandarin Oriental.

The Center achieved HACCP certification in December 2006 and in February 2007 became the first convention center in the Northern Hemisphere to achieve 'Benchmarked' status by Green Globe, the global Benchmarking, and Certification and improvement system for sustainable travel & tourism.

Putra World Trade Center (PWTC):
Sprawling over 1.7 million-sq. ft with 253,000 sq.ft of exhibition space, PWTC is a main convention and exhibition center in Kuala Lumpur. A superb location, state-of-the-art facilities along with customer-oriented approach makes the center a natural choice for local and international conventions, conferences, exhibitions, trade shows, meetings, weddings and concerts.

Since years the center is known for its high levels of personal service and a flexible approach to event management, making it popular with event organizers and meeting planners alike.

This building is also used for the International Quran Reading Competition every year since it was moved from Stadium Merdeka on 1985.

Major Commercial Areas
Kuala Lumpur City Center:
The heart of the city, the City Center is both commercial and entertainment hub of Kuala Lumpur. With its high-street boutiques, department stores, cinemas, restaurants and park, the region has something for everyone.

KL City Center also possesses the Petronas Towers, which help visitors to orient themselves using these two skyscrapers, and they’ll rarely get lost. While Chinatown, which is always crowded and festive, is an another must. The Chinatown Streets are crammed with stalls selling anything from authentic Chinese dishes and tropical fruits to Chinese traditional medicine and cheap watches.

Golden Triangle:
An another important commercial, shopping & entertainment hub of Kuala Lumpur is the Golden Triangle. The district is actually a large area encompassing a number of major streets like Jalan Ampang, Jalan Bukit Bintang & Jalan Sultan Ismail.

Here, towering scrapers, shopping malls and world-class hotels pierce the landscape with a distinctive nightlife.

Major Manufacturing Zones

Klang:
Klang is where a large port is located and therefore it is an important industrial area littered with factories, ships, cranes & shop lots with a strong smell akin to burning cheese filling the air.

The district also provides an opportunity of leisure fishing by the bridge for the visitors.


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