Malaysia approves RM185.3 bln in digital investments from 2021 to June 2024

Semiconductor chips are seen on a printed circuit board in this illustration picture taken on February 17, 2023. — Picture by REUTERS


KUALA LUMPUR, 20 SEPTEMBER 2024 — Digital investment totalling RM185.3 billion has been approved from 2021 to June 2024, including projects from leading companies like ia Corp and Amazon Web Services, said Prime Minister Datuk Seri Anwar Ibrahim.

He said the efforts to attract investment in strategic digital sectors continue to be coordinated through the ‘Digital Investment Office’ initiative.

Anwar shared this information via a post on X (formerly Twitter) after chairing the Fourth National Council for Digital Economy and Industrial Revolution (MED4IRN) Meeting No. 2/2024.

“I have been kept informed of the latest progress regarding the implementation of phase two of Malaysia’s Digital Economy Blueprint and the National 4IR Policy, which demonstrates positive development,” he said.

Anwar also noted that 21 of the government’s 25 digital projects, set to be completed by 2025, have been integrated with Fourth Industrial Revolution technologies.

“The meeting acknowledged the status of the country’s 5G network, one of the fastest globally, with Malaysia achieving 82 per cent 5G coverage in populated areas,” he said.

However, Anwar emphasised the need to further expand 5G services nationwide, prioritising industrial zones, critical services, schools, and especially public higher education institutions.

— Bernama

Source: Selangor Journal 

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