Malaysia looks to attract nearly 12 billion USD to digital economy
Malaysia Digital Economy Corporation (MDEC) - the lead agency of digital transformation in Malaysia, has unveiled its five-year plan which sets a target of attracting 50 billion ringgit (about 11.84 billion USD) to the country’s digital economy.
Hanoi (VNA) - Malaysia Digital EconomyCorporation (MDEC) - the lead agency of digital transformation in Malaysia, has unveiled its five-year plan which sets a target of attracting 50 billion ringgit(about 11.84 billion USD) to the country’s digital economy.
In a statement, MDEC said that the five-year initiative, which will run from2021 to 2025, aims to ensure high quality digital investments as the SoutheastAsian country seeks to unlock new drivers of growth in the digital economy.
The plan also includes creating 50,000 high-value jobsby 2025, attracting 50 Fortune500 tech companies to expand their operation inMalaysia, and eyes the establishment of five “unicorns”.
MDEC said the investments will focus on five key industry sectors, five focustechnologies, five emerging technologies and digital global business services.
It will also promote efforts to grow digital globalbusiness services, encourage thꦍe use of robotic process automation and dataanalytics as well as knowledge technology./.
Malaysia is a favoured expansion destination for ASEAN companies looking for growth opportunities in the 10-nation bloc, according to a survey by Standard Chartered (StanChart).
The Malaysia Digital Economy Corporation (MDEC) on July 19 announced its Digital Investments Future5 (DIF5) Strategy, a plan focusing on five key thrusts aimed at attracting investments and advancing Malaysia’s digital economy in line with the Malaysia Digital Economy Blueprint (MyDIGITAL).
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Illustrative image (Photo: //illinoisnewstoday.com/) 
