2016 Kuala Lumpur, Malaysia
Nominated as a Knowledge Metropolis. Kuala Lumpur is the federal capital and most populous city in Malaysia . The city covering an area of 243 km2 (94 sq mi), has a population estimate of 1.6 million as of 2012. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million.It is among the fastest growing metropolitan regions in the country, in terms of population and economy.
Kuala Lumpur is one of the most impressive and interesting case of extreme make over of a city is coming from Malaysia there the transformation of not only the capital city Kuala Lumpur but a number of cities and the whole country with the knowledge city as a change agent. Some 15 years ago, in 1993, a very impressive scenario, called Vision 2020, was launched by the Prime Minister then Dr Mahathir Mohamad. He is a medical trained doctor, born 1925, who went into politics and society entrepreneurship. This vision focused on the extreme makeover of this developing country economy into a world-class attractive place regarding living, work and social services. Today they are a long way into the realization of the vision 2020.
Indeed, one of the actions taken by city public policy makers was to attract foreign knowledge migration and investment. To this end they launched and shaped the multimedia super corridor (MSC), a territory of some 15 £ 50 km, as a kind of modern free port area with impressive ICT infrastructure for foreign partnerships (see www.msc.com.my). It goes from a new and very modern airport KLIA to central Kuala Lumpur and some floors up into the Petronas Towers. In late 1990s scored as the tallest buildings in the world. New establishment into this area will receive a special attractive MSC status, among others offering free flow of knowledge migration, few currency restrictions, and tax-free status for first ten years. Today already some 22,000 jobs are said to be shaped with some 1,000 international companies there with a turnover of some US$1.6 billion.
Furthermore in the vicinity is also the new regional space called Cyberjaya to offer a good ICT environment for world-class attraction of multimedia enterprises. It is the prototype of an intelligent city to attract the creative class, with among others a regime offering a combination of mankind, nature and technology in harmony, including innovative cyber laws. Now 12 more such areas are being planned for the rest of the country (see www.cyberjaya.com.my).
Furthermore as the capital city became too crowded a decision was taken to move out the administration to a new site called Putrajaya. A most dynamic execution with planning during some three years and construction during some six years resulted in a totally new administrative capital. The financial capital investment was about US$16 billion. Today it is planned to be a city for some 100,000 inhabitants (see www.putrajaya.net.my).
Other interesting cases of extreme make over of cities are the transformation of Singapore, Hong Kong and Dubai. Another recent case with some similarities of MSC in Malaysia is the establishment of knowledge oasis Muscat, as a campus region with high attraction characteristics. (Source: Edvinsson, L. (2006). “Aspects on the City as a Knowledge Tool”, in Journal of Knowledge Management. Vol. 10 No. 5 2006, pp. 6-13, Q Emerald Group Publishing Limited, ISSN 1367-3270).
Moreover, since the 1990s, the city has played host to many international sporting, political and cultural events including the 1998 Commonwealth Games and the Formula One World Championship. In addition, Kuala Lumpur is home to the tallest twin buildings in the world, the Petronas Twin Towers, which have become an iconic symbol of Malaysia's futuristic developments.
Kuala Lumpur and its surrounding urban areas form the most industrialized and economically, the fastest growing region in Malaysia.Despite the relocation of federal government administration to Putrajaya, certain government institutions such as Bank Negara Malaysia (National Bank of Malaysia), Companies Commission of Malaysia and Securities Commission as well as most embassies and diplomatic missions have remained in the city.
The city remains as the economic and business centre of the country. Kuala Lumpur is a centre for finance, insurance, real estate, media and the arts of Malaysia. Kuala Lumpur is rated as an alpha world city, and is the only global city in Malaysia, according to the Globalization and World Cities Study Group and Network (GaWC). The infrastructure development in the surrounding areas such as the Kuala Lumpur International Airport at Sepang, the creation of the Multimedia Super Corridor and the expansion of Port Klang further reinforce the economic significance of the city.
Bursa Malaysia or the Malaysia Exchange is based in the city and forms one of its core economic activities. As of 20 November 2007, the market capitalisation stood at US$318.65 billion. The Gross Domestic Product (GDP) for Kuala Lumpur is estimated at RM73,536 million in 2008 with an average annual growth rate of 5.9 percent. The per capita GDP for Kuala Lumpur in 2008 is RM48,556 with an average annual growth rate of 5.9 percent. The total employment in Kuala Lumpur is estimated at around 838,400. The service sector comprising finance, insurance, real estate, business services, wholesale and retail trade, restaurants and hotels, transport, storage and communication, utilities, personal services and government services form the largest component of employment representing about 83.0 percent of the total.The remaining 17 percent comes from manufacturing and construction.
The average monthly household income for Kuala Lumpur was RM4,105 (USD 1,324) in 1999, up from RM3,371 (USD 1,087) four years prior, making it 66% higher than the national average. In terms of household income distribution, 23.5% of households in the city earned more than RM5,000 (USD 1,613) per month compared to 9.8% for the entire country, while 8.1% earned less than RM1,000 (USD 323) a month. (Source: Wikipedia). See also: http://klcityplan2020.dbkl.gov.my/eis/wp-content/uploads/pdf/Previu%20KL... and http://klcityplan2020.dbkl.gov.my/eis/wp-content/uploads/pdf/Previu%20KL...