Malaysia secures over 13 billion USD in Q3 digital investment

Kuala Lumpur (VNA) – Malaysia recorded 54.13 billion MYR (13.37 billion USD) in approved Malaysia Digital (MD) investments in the third quarter, generating 21,815 high-value jobs across 402 digital companies, said the Malaysia Digital Economy Corporation (MDEC).

As reported by Malaysia’s national news agency Bernama, MDEC, in a statement, said the top four sources of approved digital investments were Singapore-based investors, contributing 25.1 billion RM, followed by those from Malaysia investors (17.2 billion MYR), the US (6.4 billion MYR), and China (3 billion MYR).

“Artificial intelligence (AI)-related investments alone accounted for 8,328 jobs created, representing 38% of total projected employment, reflecting rising demand for digital professionals, data scientists, AI engineers, and specialised service talent,” Bernama cited the statement.

“The Klang Valley continues to be the focal point of digital investments, with Federal Territory of Kuala Lumpur and Selangor attracting 88% of total investments, amounting to 47.8 billion RM and nearly 90% of the 19,417 digital jobs created, supported by mature infrastructure, strong talent concentration, and high ecosystem readiness,” it said.

Malaysian Digital Minister Gobind Singh Deo said the strong investment momentum reflects the country’s readiness to lead in the AI era, enabling it to move up the value chain from being users of technology to becoming creators of globally competitive AI solutions.

Echoing the sentiment, MDEC chief executive officer Anuar Fariz Fadzil said Malaysia is a premier destination for both foreign and domestic AI investments, driven by its strategic position as a digital hub within ASEAN and a highly skilled local talent workforce./.

VNA