MDEC Targets MYR 50 Billion in Investments to Enhance Malaysia’s Digital Economy

July 21, 2021 | Updated at July 21, 2021

Malaysia Digital Economy Corporation (MDEC), the country’s core digital transformation agency, has revealed a five-year plan spanning 2021 to 2025 to secure high-quality digital investments called the Digital Investments Future5 (DIF5) Strategy.

Why it Matters?

The DIF5 Strategy aims to unlock new growth drivers for Malaysia’s digital economy and involves attracting MYR 50 billion (around USD 11.84 billion) in digital investments, as well as attracting 50 Fortune 500 tech companies to invest and expand in Malaysia. It also involves the creation of 50,000 high-valued jobs in MSC Malaysia by 2025 and the establishment of five unicorns. According to MDEC, the Strategy focuses on different areas as follows: five key industry sectors, five focu...