MDEC to raise MyDigital investments to RM130b


THE Malaysia Digital Economy Corp (MDEC) is aiming to raise investments in the Malaysia Digital Economy Blueprint (MyDigital) from RM70 billion to RM130 billion.

MDEC CEO Mahadhir Aziz (picture) said the proposal is yet to be finalised as it requires approval from Prime Minister (PM) Datuk Seri Anwar Ibrahim.

“God willing, the PM will announce the upgraded target of RM130 billion,” he told reporters after the Malaysia Digital Expo (MDX) 2023 Media Gathering today.

MDEC has exceeded its internal target of RM20 billion investments this year, while recording more than RM7 billion investments in the first half of 2022.

MyDigital aims to strengthen Malaysia as a digitally driven and high-income nation by enhancing digital literacy, creating high-income jobs, streamlining banking, providing remote medical facilities and offering virtual education.

The blueprint outlines strategies for Malaysia’s digitalisation which bridges the digital divide and predicts the digital economy’s contribution to the country’s economy.