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Reaping Gains From Malaysia Digital

Nov 15, 2023 - forbes.com
The Malaysia Digital Economy Corporation (MDEC) is focusing on driving digital transformation to ensure Malaysia's global competitiveness. This is being achieved through Malaysia Digital (MD), a national initiative aimed at attracting companies, talents, and digital opportunities. The initiative also seeks to enable Malaysian businesses and citizens to play a leading role in the global digital world. The information and communication technology (ICT) sector in Malaysia contributed 23.2% to the national GDP in 2021, making it the third-largest contributor to the national GDP.

Through MD, MDEC plans to accelerate the growth of Malaysia’s digital ecosystem within nine promoted sectors backed by 10 technology enablers. These sectors include digital agriculture, digital services, digital cities, digital health, digital finance, digital trade, digital content, digital tourism, and the Islamic digital economy. MDEC also supports the digital community and ecosystem through various initiatives such as the Global Acceleration and Innovation Network (GAIN) program, which promotes the success of homegrown champions abroad. MDEC recently kicked off its Malaysia Digital Expo 2023 (MDX2023), aimed at showcasing the best of Malaysia’s tech ecosystem and digital economy.

Key takeaways:

  • MDEC has launched Malaysia Digital (MD), a national strategic initiative aimed at encouraging and attracting companies, talents and digital opportunities, and enabling Malaysian businesses and citizens to play a leading role in the global digital world.
  • Through MD, MDEC plans to accelerate the growth of Malaysia’s digital ecosystem within nine promoted sectors backed by 10 technology enablers, including AI, blockchain, and cybersecurity.
  • MDEC's Global Acceleration and Innovation Network (GAIN) program promotes success stories of homegrown champions abroad, helping high-potential Malaysian tech companies to shine on the global stage.
  • MDEC hosted the Malaysia Digital Expo 2023 (MDX2023), a tech event aimed at showcasing the best of what Malaysia’s tech ecosystem and digital economy have to offer, attracting close to some 120,000 participants across 18 auxiliary events throughout Malaysia.
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