Malaysia announces strategy to advance digital economy

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).
Kuala Lumpur (VNA) - 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).

In a statement, it the DIF5 Strategy’s targets by 2025 include 50 billion RM investments in the digital economy; attracting 50 Fortune500 tech companies to land and expand in Malaysia; the establishment of five Unicorns; and the creation of 50,000 high-value jobs in MSC Malaysia.

It also targets to focus on five key industry sectors, five focused technologies, five emerging technologies and digital global business services. The five industry sectors that have been identified as key drivers are Agtech, Healthtech, Islamic Digital Economy and Fintech, Cleantech and Edutech.

Attracting and driving investments in five focused technologies are important to facilitate the growth of these sectors, namely cloud computing, data centrer, artificial intelligence, cybersecurity and digital content tools.

The DIF5 Strategy will also be focusing on five key emerging technologies namely blockchain, dronetech, edge computing, extended reality and advanced robotics to drive innovation and ensure Malaysia will be at the forefront of a rapid evolution of digital technologies and development of a future-ready digital economy./.
VNA

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