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Malaysia secures RM16.2b in digital investments under MD initiative
By Administrator
Published on 04/30/2025 08:00
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Malaysia's Digital (MD) initiative attracted RM16.2 billion in approved investments from January to April, expected to create 6,480 jobs. Digital Minister Gobind Singh Deo highlighted strong global investor confidence, particularly in data centers and cloud services, which contributed RM9.9 billion. AI companies lead new MD-status firms, followed by data centers and global business services. Penang alone secured RM1.23 billion in MD investments. Gobind emphasized Penang's potential as a regional tech hub, leveraging its semiconductor expertise. He aims to enhance the ecosystem to attract more investors, focusing on AI and data infrastructure development.

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