Show / Hide
Visit our Facebook

 
 

Connect with eGuide

Newsletter - weekly travel articles.

Kuala Lumpur attractions

Kuala Lumpur tours

Kuala Lumpur

Kuala Lumpur hotels


Kuala Lumpur, the capital and largest city of Malaysia, is the fastest growing metropolitan region in the country, in terms of population as well as economy. The city is also the economic hub of Malaysia. Certain important government instruments, such as Bank Negara Malaysia (Central Bank of Malaysia), Companies Commission of Malaysia and Securities Commission as well as most embassies and diplomatic missions are located in the city. The rapid pace of development in the infrastructure of surrounding areas such as the Kuala Lumpur International Airport at Sepang, the creation of the Multimedia Super Corridor and the expansion of Port Klang lend substance to the economic weight of the city.

The service sector comprising finance, insurance, real estate, business services, wholesale and retail trade, restaurants and hotels, etc. comprise the largest component of employment representing almost 85 % of the total. The large number of local and foreign banks and insurance companies in the city show that the service sector is of major importance in the overall fiscal analysis.

The status of the global Islamic Financing hub is likely to shift to Kuala Lumpur with more and more financial institutions providing Islamic Financing. The world's largest Islamic bank, Al-Rajhi Bank and Kuwait Finance House and the presence of some other Gulf's financial institutions add credence to this premise. There is however the counter that the city has a large number of foreign corporations and is also host to many multi national companies’ regional offices or support centres, particularly for finance and accounting. The tourism sector adds a lot to the city’s economy, providing income, jobs and scope of further business opportunities. Many large worldwide hotel chains are present in the city.


 
 
 
back to top