Digital Investment Vital for Recovery
14 Sep 2022
Malaysia on track to hit RM70 billion target by 2025, says Ismail Sabri
Malaysia has the makings of being a prime digital investment destination in Asean with its world-class infrastructure, holistic and comprehensive digital ecosystem, as well as highly skilled digital talents.
Prime Minister Datuk Seri Ismail Sabri Yaakob said the country was also in the best position to achieve its digital investment target of up to RM70 billion by 2025, in line with the Malaysian Digital Economy Blueprint (MyDIGITAL).
Ismail Sabri said the Malaysia Digital (MD) initiative, launched in July this year, had secured RM42 billion in foreign direct digital investments in just two months.
He said this revenue was generated via the investments of 28 foreign companies from various sectors, namely data centres, IT service providers, creative content technology and global business services.
He added that the domestic direct digital investment up to Aug 24 had hit RM4.76 billion.
“This achievement is crucial for the nation’s economic recovery, as it creates high-skilled jobs, encourages innovation and elevates the digital economy.
“Through this effort, up to 6,000 high-value jobs have been created. The number of jobs is expected to increase in the future.
“These positive achievements have placed Malaysia in the best position to achieve the digital investment target of up to RM70 billion by 2025, in line with MyDIGITAL.
“With its world-class infrastructure, holistic and comprehensive digital ecosystem and highly skilled digital talents, Malaysia today has the makings of being a prime digital investment destination in Asean,” he said at the launch of the World Congress on Innovation and Technology (WCIT) 2022 at the Setia Spice Convention Centre here yesterday.
The event was graced by Yang di-Pertua Negeri Tun Ahmad Fuzi Abdul Razak.
Present were Chief Minister Chow Kon Yeow, Communications and Multimedia Minister Tan Sri Annuar Musa and Human Resources Minister Datuk Seri M. Saravanan.
Also present were National Tech Association of Malaysia chairman and WCIT 2022 organising chairman Dr. Sean Seah and World Innovation, Technology and Services Alliance chairman Yannis Sirros.