CURRENT

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

20 Sep 2024, 3:55 PM
Malaysia approves RM185.3 bln in digital investments from 2021 to June 2024

KUALA LUMPUR, Sept 20 — 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

What do you think?

Latest
MidRec
Media Selangor
About Us

Media Selangor Sdn Bhd (MSSB), a subsidiary of Menteri Besar Selangor Incorporated (MBI), is the official media agency of the Selangor State Government. In addition to the Media Selangor news portal (formerly known as Selangorkini & Selangor Journal), Media Selangor also publishes newspapers in Mandarin, Tamil, and English.