Malaysia likely to achieve 16 billion USD in digital investments: PM
Malaysian Prime Minister Ismail Sabri Yaakob has expressed his confidence in the country’s ability to achieve the 70 billion RM (16 billion USD) digital investment target by 2025, in line with the digital economy blueprint.
Malaysian Prime Minister Ismail Sabri Yaakob (centre) (Photo: Bernama)
Kuala Lumpur (VNA) – Malaysian Prime Minister Ismail Sabri Yaakob has expressedhis confidence in the country’s ability to achieve the 70 billion RM (16billion USD) digital investment target by 2025, in line with the digitaleconomy blueprint.
Speaking atthe recent World Congress on Innovation & Technology (WCIT 2022), Ismailsaid Malaysia plays an important role as a digital investment hub in the Associationof Southeast Asian Nations (ASEAN).
With world-class infrastructure, a holistic digital ecosystem, and highlyskilled digital talent, Malaysia can become a major digital investment destinationin ASEAN, he said.
Ismail said that since the MSC Malaysia initiative, which is now rebrandedas Malaysia Digital (MD), was launched in 1996, the country had attracteddigital investments worth 384 billion RM and generated 180,000 jobs as well as 588billion RM in revenue.
He said although MD was only launched in July, it had managed to attractforeign direct digital investments worth 42 billion RM in just two months.
These investments came in via 28 foreign companies which are involved indata centres, IT services, technological creative content, and global businessservices or GBS, he added./.
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Malaysian Prime Minister Ismail Sabri Yaakob (centre) (Photo: Bernama) 
