Malaysia Draws Rm7 2bil In Digital Investments In First Half Of 2022

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Communications and multimedia minister Annuar Musa said the efforts to attract investors were part of the national push to make Malaysia the digital hub for Asean. (Bernama pic)KUALA LUMPUR: The communications and multimedia ministry, through Malaysia Digital Economy Corporation (MDEC), has attracted more than RM7.2 billion in investments in the first half of the year.
This is in addition to the RM10.94 billion in investments recorded last year, bringing the total to RM18.14 billion.
Minister Annuar Musa said the investments, which comprised foreign direct investment (FDI) and domestic direct investment (DDI), were projected to create close to 10,000 job opportunities.
“This accomplishment has proven that Malaysia is in the best position to achieve the digital investment target of RM70 billion by 2025, in line with the Malaysia Digital Economy Blueprint (MyDigital),” he told a media conference after attending the National Digital Network (Jendela) steering committee meeting.
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The digital investments were from 53 rapidly expanding and renowned companies from various countries, including Australia, China, Japan, Singapore, Switzerland, the Netherlands, the UK and the US.
He also said that the efforts to attract investors were part of the national push to make Malaysia the digital hub of Asean, as well as help in accelerating economic recovery from the effects of the Covid-19 pandemic.
“Digital investments are important in the economic recovery process, as they create knowledge workers and help to expedite innovation as well as technology adaptation during the Fourth Industrial Revolution, and propel the digital economy further,” he added. - FMT

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