Digital technologies and infrastructure driving positive digital investment momentum

The Covid-19 pandemic has accelerated the growth of digital economy and opened up avenues to various new digital businesses. As businesses pivot online, the need to lay a solid foundation to aid this new wave of digitalisation is vital to ensure that Malaysia can holistically transform itself towards an advanced digital economy. In 2020, a total of 45 MSC status projects were approved with investments worth RM3.9bil. This will pave the way for 3,794 new employment opportunities for Malaysians. Out of the total, RM2.6bil (66.2%) came from domestic investments, while RM1.3bil (33.8%) came from foreign investments.