KL
has to work at transforming itself if the capital wants to be recognised as a
competitive city and stand proud among those known as ‘global cities’.
THE 2010 Global Cities Index, a collaboration
between the journal Foreign Policy, management consulting firm A.T. Kearney,
and The Chicago Council on Global Affairs, ranks 65 cities with a population of
more than a million.
The index focuses on five key areas – business
activity, human capital, information exchange, cultural experience and
political engagement.
In 2010, it ranked New York, London, Tokyo and
Paris as the top four.
All four cities have maintained their
positions since the Global Cities Index in 2008.
It also revealed that five of the world’s most
global cites were in Asia and the Pacific. They are Tokyo, Hong Kong, Sydney,
Singapore and Seoul.
The others were three in America – New York,
Chicago and Los Angeles – and two in Europe - London and Paris.
KL was ranked 48th out of 65 cities behind the
likes of Beijing (15), Shanghai (20) and Bangkok (36), Taipei (39), Delhi (45),
Mumbai (46) and Osaka (47) in the region.
However, KL is above Manila (51), Jakarta
(53), Guangzhou (57) and Ho Chi Minh City (61).
The fact that KL was ranked behind other
South-East Asian cities is a concern.
There is a crucial need to retain its
stability and competitiveness in terms of economy, commerce and finance,
tourism attractions, educational and health facilities, culture and heritage
and a revitalised manufacturing centre.
All these functions are fundamental to the
city so that it can continuously sustain its global standing and
competitiveness, liveability and governance.
The Draft Kuala Lumpur Local Plan 2020
identified three main economic strategies towards enhancing economic
competitiveness.
Firstly, KL has to be positioned as an
attractive global investment centre by adopting a cluster-based strategy to
build competitiveness of the K-economy.
ICT cluster that should be developed are
software development and support services outsourcing (SSO).
Secondly, there should be a vibrant job
creation centre through a market-driven cluster development particularly in the
financial, business sectors, transportation, storage, communications, tourism,
medical, educational and professional consulting services.
Thirdly, its manufacturing cluster should be
modernised by energising existing industries and employing new technologies and
highly skilled workers.
Implementing the nine entry point (EPPs) for
Greater KL/Klang Valley will be a vital importance in enhancing economic
competitiveness, especially in education, finance, business, tourism and retail
sectors.
Greater KL/Klang Valley is targeted to
simultaneously achieve a rank of the 20th top-city in the world in terms of
economic growth and liveability by the year 2020.
Land use and spatial development within the
city needs to be managed sustainably by focusing on quality urban living and
working environment.
It is essential that Kuala Lumpur continues to
implement its policy and programmes of urban renewal and urban redevelopment.
The Federal Territories and Urban Wellbeing
Ministry and City Hall are in the midst of transforming and redeveloping old
low-cost flats into better dwelling houses for the local community.
This redevelopment of old community houses is
planned with the intention of providing a conducive healthy living environment
indirectly projecting a more vibrant KL City.
The redevelopment of Kuala Lumpur Sentral into
a major transport hub is certainly an exceptional example, while a few more
that will revitalise the economy include the Kuala Lumpur International
Financial District, Sungei Besi military airport and Pudu Jail.
Developing large parcels of land enables
better integration of services, infrastructure as well as other components and
is generally more long term and sustainable.
The provision of affordable and quality
housing to city dwellers under the 1Malaysia Housing Programme (PR1MA) is the
Government’s commitment to ensure the middle-income group, who can neither
afford to buy high-end property nor are eligible for existing My First Home
Scheme and other low-cost public housing schemes, to own a home.
The use of green technologies and the
Industrial Building System are encouraged in the development of PR1MA homes.
Soon, there will be a PR1MA scheme in Bandar
Tun Razak, whilst several Government-owned lands around Sungai Besi and Sungai
Buloh have also been identified.
Areas in the vicinity of MRT, LRT and other
public transport systems are deemed potential for PR1MA housing projects.
Simultaneously, Kuala Lumpur will continue its
programme of public housing for the lower-income group in upholding social
inclusiveness to its rakyat.
Other initiatives undertaken to enhance
liveability include improvements and creation of open spaces as well as green
areas.
The transformation of the Lake Gardens in
Kuala Lumpur into a botanical garden is testimony to this.
The River of Life project aims to transform
the Klang River into a vibrant and liveable waterfront with high economic
value.
Another initiative to beautify the city is the
Greener KL project which involves planting 30,000 trees around Kuala Lumpur per
year, or 100,000 trees by 2020.
KL City Hall and the private sector have also
initiated programmes to construct covered and elevated pedestrian links to
induce pleasant walkability in the city centre.
Kuala Lumpur is certainly taking serious
efforts to adopt green building standards, and amongst the examples that can be
showcased include the G-Tower which is credited with being Malaysia’s first
internationally-certified green building.
Other developments that have obtained green
ratings of GBI include Ken Bangsar Serviced Residences, 1 First Avenue and
Sunway Challis Damansara.
Provision and maintenance of world class
infrastructure are fundamental to the internationalisation process as well as
to raise KL’s competitive edge.
The vision for A World Class Sustainable City
is a commitment by KL to ensure that economic and physical development do not
compromise its environment and ecology in creating a liveable and attractive
environment to its residents, businesses and visitors.
The implementation of the MRT is expected to
improve and transform the capital’s public transportation coverage and propel
it to be on par with other developed global cities in the world.
The enhancement of urban governance in
managing and governing the city is fundamental to overall KL development.
Indirectly, this will contribute to improving
the living standards, making KL more competitive and attractive to investors.
Existing and ongoing efforts in incorporating
the doctrines of good urban governance in all aspects of city management is to
be globally competitive.
Reference to other developed countries can be
made in order to benchmark and determine good corporate governance.
The present legislation, administration and
urban management have to be reviewed to be in line with the development.
Efficient asset management and improvement in
quality of services by using communication technology to achieve higher
management quality and services delivery should be a targeted.
Innovative approaches should be taken to
encourage the broader community participation through the latest technology.
KL City has to make some serious efforts to
transform what it is now if it is to be recognised as a prevalent competitive
city and ranked higher than other cities.
KL City should be recognised as a commercial
hub and industrial centre providing world class facilities and technologies
which would attract international investors.
Green city approach, sustainability and
liveability must be coherent with development and at the same time KL City
should mark its place in the world atlas by being one of the top tourist
destinations by 2020.
Dato Hj. Ahmad Phesal Talib
Tha Star
Business & Investment Opportunities
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