Nationwide effort needed for a robust, thriving digital investment ecosystem — K-KOMM - MIDA | Malaysian Investment Development Authority
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Nationwide effort needed for a robust, thriving digital investment ecosystem — K-KOMM

Nationwide effort needed for a robust, thriving digital investment ecosystem — K-KOMM

25 Apr 2022

A robust and thriving digital investment ecosystem requires a nationwide effort, according to Ministry of Communications and Multimedia (K-KOMM) secretary-general Datuk Seri Mohammad Mentek. 

The Digital Investment States Summit 2022, organised by the Malaysia Digital Economy Corporation (MDEC) from March 29 to March 31, served as a platform to foster the collaboration crucial towards making Malaysia a prime digital investment destination, he said. 

This would spur investment by developing new key sectors across the country, Mohammad said in a statement on Monday (April 25). 

The Digital Investment States Summit 2022, which is supported by the Malaysian Investment Development Authority (MIDA) through its Digital Investment Office (DIO) initiative, was focused on sharing the Malaysia’s National Digital Investment Strategy and aligning investment pursuit strategies with each of the state’s investment promotion agencies (IPAs).

The summit aimed to bolster the country’s digital investment aspirations and value proposition, and ultimately create a one-nation approach to ensure synergy and collaborations in attracting digital investments to Malaysia.

Meanwhile, MIDA chief executive officer Datuk Arham Abdul Rahman said it was encouraging to see the IPAs of each state actively present during the Summit and demonstrating the importance of cultivating digital investment aspirations among Malaysia’s IPAs.

“MIDA, in collaboration with MDEC, has been attracting and facilitating investors in bringing high quality digital investments through the DIO initiative.

“This is also in line with the MyDIGITAL Blueprint and National Investment Aspirations in transforming new and existing economic clusters into digital enablers, creating high income jobs, and encouraging digital upskilling of the local workforce and businesses,” he added.

MDEC chief executive officer Mahadhir Aziz said the summit was aligned with MDEC’s aspirations as part of the Malaysia Digital initiative to expand digital investments beyond designated locations into a nationwide engagement.

“Each IPA in Malaysia is tremendously important in driving digital investments to Malaysia — imagine what we can do through the power of collaboration in growing Malaysia’s digital economy,” he said. 

According to the joint statement issued by MDEC and MIDA, the summit has established an ideal platform for amplifying investment multiplier effects, delivering high quality economic benefits to Tier 2 states and beyond, and expediting the country’s digital transformation progress.

Source: Bernama