KUALA LUMPUR – Digital investments through Malaysia Digital Economy Corporation (MDEC) had amounted to more than RM7.2 billion for the first half of this year, said the Minister of Communications and Multimedia (K-KOMM), Tan Sri Annuar Musa.
He stated this during the media conference that was held during the recent National Digital Network (JENDELA) Steering Committee meeting.
He explained that the sum did not include the RM10.94 billion that was recorded the previous year. Because of this, the country’s total approved investments in the digital economy since 2021 had amounted to RM18.14 billion.
The minister explained that both these investments, made up of both foreign direct investments and domestic direct investment, were expected to create up to 10,000 job opportunities in the country.
He stated that the performance has shown that Malaysia is in the ideal position to reach the set target of RM70 billion for digital investments by the year 2025, in accordance with the Malaysia Digital Economy Blueprint (MyDIGITAL)
In addition to that, he revealed that the digital investments came from 53 rapidly expanding and well-known companies in the industry from different countries including the United States, the United Kingdom, Australia, China, Japan, Switzerland, and Singapore.
Furthermore, he also stated that the efforts to recruit investors are a part of the nation’s efforts to make Malaysia the digital hub in ASEAN. He further added that these efforts will help hasten economic recovery from the impact of the COVID-19 pandemic.
“Digital investments are crucial in the process of economic recovery because they would create skilled workers and help to further expedite innovation as well as technological adaptation during the Fourth Industrial Revolution.
It would consequently propel the country’s digital economy further and strengthen Malaysia’s position to become a digital economy,” he continued.
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