MALAYSIA, HEART OF DIGITAL ASEAN
Putting the power of community and technology to deliver a digital future, Malaysia’s flourishing digital economy is one of ASEAN’s bright spots.
At the heart of digital ASEAN, strong connectivity, infrastructure and talent make Malaysia the top choice for the world’s leading industries, companies and start-ups.
Incorporated as a statutory body under the Malaysian Industrial Development Authority (MIDA) Act, the establishment of MIDA in 1967 was hailed by the World Bank as “the necessary impetus for purposeful, positive, and coordinated promotional action” for Malaysia’s industrial development. Today, MIDA is Malaysia’s cutting-edge, dynamic and pioneering force in opening pathways to new frontiers around the globe.
Malaysia Digital Economy Corporation (MDEC) is a government agency under the purview of the Ministry of Communications and Multimedia Malaysia entrusted to lead Malaysia’s digital economy forward. Incorporated in 1996 to oversee the development of the MSC Malaysia initiative, MDEC’s primary mandate today is to accelerate the growth of digitally-skilled Malaysians, digitally-powered businesses and digital investments in Malaysia. MDEC is focused on creating inclusive, high-quality growth through the nationwide digitalisation initiatives that are in line with the Government’s Shared Prosperity Vision 2030 and firmly establishing Malaysia as the Heart of Digital ASEAN.
Start and Grow Your Business Opportunities Malaysia
Malaysia is a business hub for Industrial, Supply Chain and GBS activity and one of the world leader in IT location strategically in ASEAN. As IT becomes the value driver across all industries, Malaysia positioned uniquely as the scalable location of choice for knowledge and digital business.
REINVENT MALAYSIA AS A REGIONAL LEADER IN STRATEGIC DIGITAL TECH INDUSTRIES TO UNLOCK NEW DRIVERS OF GROWTH
Digital Business Services
- Mature industry that forms the talent pool base
- Job creation by new/existing companies
- Move up value chain to form next-gen tech talent
- Focus areas: Customer Experience (CX), Intelligent Automation/Robotic Process Automation (RPA), Data Analytics, Knowledge Engineering, Central of Expertise (CoE)
- Building blocks of digital nation
- Cross-cutting across all industries
- Strengthen and grow local champions
- Focus areas: Artificial Inteligent, Digital Contents Tools, Cloud Computing, Data Centre 7 Cyber-security
- Strategic industries for digitalisation, ampped to Nation’s priority sectors
- High contribution to GDP
- FDI Tech transfer and local partnership petential
- Focus areas: AgTech, Clean Tech, HealthTech, Smart Manufacturing
- Islamic DE & Fintech
- ‘Big Bets’ on the future
- Potential areas - Extended reality, Blockchain, Advanced Robotiics
Aligned with Malaysia’s National Investment Aspirations (NIA)
Increase economic complexity
Develop new & existing economic clusters
Create high value jobs
Extend domestic linkages
Consistent with MOSTI’s 10-10 MySTIE framework and socio-economic drivers
Advanced Intelligent Systems
Cyber-security & Encryption
Augmented Analytics & Data Discovery
- All focus areas are aligned to all national plans including the RMK, NIA, 10-10 MySTIE and the $IR Blueprint
- Focus areas are meant to be complementary to all national plans and avoid overlap
What is MyDigital Blueprint?
MyDIGITAL is a national initiative which symbolises the aspirations of the Government to successfully transform Malaysia into a digitally-driven, high income nation and a regional leader in digital economy.
The Malaysia Digital Economy Blueprint spells out the efforts and initiatives to deliver the aspirations of MyDIGITAL. The Blueprint charts the trajectory of the digital economy’s contribution to the Malaysian economy and builds the foundation to drive digitalisation across Malaysia including bridging the digital divide.
Malaysia's Digital Penetration Rate
of total population in 2019
of total population in 2019 (Department of Statistics Malaysia)
in 2020 (Malaysian Communications and Multimedia Commission)
2020 (Bank Negara Malaysia)
in USD expected by 2025 (ResearchAndMarket.com)
of total population in 2020 (Hootsuite)
1.1x more than global average in 2020 (Hootsuite)
As of 2020 (Department of Statistics Malaysia)
OUR DIGITAL INITIATIVES
Malaysia offers a comprehensive set of incentives to encourage investments in digital technology and services
With Malaysia’s strong footing in the manufacturing sector, there should be many opportunities for digital companies to develop, test and/or market 4IR and other manufacturing solutions, both locally and abroad
Yeo Eng Ping
EY Asia-Pacific tax leader
MALAYSIA IPA TASK FORCE
INVESTMENT PROMOTION AGENCIES
State Government Agencies
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FREQUENTLY ASKED QUESTIONS
No. DIO is a joint collaboration between MIDA and MDEC as a single platform to coordinate and facilitate digital investments in Malaysia.
MIDA is Malaysia’s principal investment promotion agency while MDEC is Malaysia’s specialist in investment promotion agency for digital investments.