
Image credit: South China Morning Post
KUALA LUMPUR: The digital economy will continue to serve as a pivotal driver for Malaysia gross domestic product (GDP) growth, according to the Malaysia Digital Economy Corporation (MDEC).
Under Malaysia Digital (MD), the total approved digital investments stood at RM163.6 billion last year, surpassing the 2023 value by 250 per cent.
The digital investment inflow during the period created more than 48,000 jobs, surpassing the 2023 total by 109 per cent.
These are tangible indicators that the digital industry continues to be a powerhouse for high-skilled, high-income employment, MDEC said.
"This growth reflects the resilience and dynamism of Malaysia's economy, with the digital economy playing an increasingly significant role in driving economic recovery and future prosperity," said MDEC chief executive officer Anuar Fariz Fadzil.
Anuar said Malaysia's proactive digital policies, particularly in artificial intelligence (AI), and talent development have collectively positioned it as a regional hub for digital excellence.
MDEC, he said, is dedicated and committed to supporting Malaysia in achieving or surpassing the 25.5 per cent digital economy contribution to GDP by year-end.
This is through initiatives that catalyse digital transformation, talent development and technology adoption across businesses.
"Our goal is to enhance SME competitiveness, continue attracting high-quality investments and develop a digitally skilled workforce ready for the future."
In addition, Anuar said a strong area of focus for MDEC is the acceleration of state-level digital growth, aiming to enhance digital infrastructure, nurture AI ecosystems, and drive SME digitalisation to elevate national competitiveness.
This focused approach is aimed at empowering states to leverage their unique strengths while contributing to Malaysia's broader digital economy objectives.
"MDEC will continue to play our part in attracting marquee AI companies to establish operations in various state throughout Malaysia."
Recently, Anuar led an MDEC delegation to Johor for discussions with Johor Menteri Besar Datuk Onn Hafiz Ghazi and other state leaders to explore collaborative opportunities and align key initiatives.
The MDEC team will return to Johor in the coming week to follow up on the plans.
Source: https://www.nst.com.my/business/corporate/2025/02/1176349/digital-economy-remain-key-driver-malaysias-growth-contributes