Kuala Lumpur and its surrounding urban areas form the most industrialized and economically the fastest growing region in Malaysia. It is a center 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. 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 is the largest component of Kuala Lumpur's employment, representing about 83 percent of the total.