The Ministry of Investment, Trade and Industry (Miti) announced that the Digital Investment Office has approved foreign investments worth RM127 billion in digital-related projects between 2021 and March 2024.
Key Takeaways:
Investment Breakdown:
- Foreign investments: RM127 billion
- Domestic investments: RM34.9 billion
- Total approved investments: RM161.9 billion
Sectors Involved:
- Data centers
- Cloud computing
- Data hosting
- Big data analytics
- Artificial intelligence
Employment Benefits:
- Creation of 49,108 skilled and high-paying job opportunities
- Roles include data engineers, data scientists, big data analysts, cybersecurity engineers, and IT engineers
Infrastructure Focus:
- Emphasis on inclusive digital infrastructure investments
- High-speed internet networks and low-latency technological solutions
Economic Impact:
- Digital transformation for micro, small, and medium enterprises (MSMEs)
- MSMEs contribute 48% of jobs and 38% of economic growth
- Reorganization of industrial clusters and value chains towards 3,000 smart factories by 2030
- Enhanced access to digital technology opportunities, spurring industrial revolution across various sectors
Miti highlighted the significant socio-economic benefits and strategic advancements these investments bring to the nation, supporting the growth and digital transformation of MSMEs and driving industrial innovation.

Comments
Post a Comment