Kl City Of Choice For Arabs To Set Up Offices

KUALA LUMPUR, Feb 4 (Bernama) -- Kuala Lumpur has been rated the highest among Southeast Asian cities for Arab companies to set up regional and representative offices according to a survey by Strategia International. In a statement Saturday, Malaysia Global Business Forum (MGBF) said the survey result came on the back of Malaysia being rated 18th in the Doing Business 2012 Report, up five places from last year, while remaining the top rank in the world for raising credit and fourth in the world for protecting investors. MGBF said Malaysia and the Arab world had a long history together which went back to the advent of Islam in Malaysia during Melaka's trading heyday. "Malaysia is again at the doorstep of some of the largest and fastest growing markets in the world, making it an attractive business destination. "Malaysia has a lot to offer the Arab world, especially in the areas of healthcare development, food security, islamic banking, infrastructure development and information and communications technology," it said. MGBF said it would hold a forum, themed 'Strategic Partners: Malaysia & The Arab World', here from Feb 21-22, which would be led by Deputy International Trade and Industry Minister Mukhriz Mahathir. -- BERNAMA