MDEC To Boost Digital Economy Contribution To M’sia’s GDP From 23% To 25%

The Malaysian Digital Economy Corporation (MDEC) is aiming to increase the digital economy’s contribution to the Malaysian GDP from 23% to 25%, says it’s chairman Syed Ibrahim Syed Noh.

According to a report from The Sun, Syed Ismail has stated that the foreign investments brought in by the Prime Minister and the other ministers will be key to ensuring that this target is met.

Speaking at the launch of  Simplify Networks Sdn Bhd’s Thunderbird 5G Router last Friday, Syed Ibrahim also added that the Malaysian Institute of Economic Research estimates that 5G will contribute significantly to our GDP in the coming years, with an estimated annual growth of 8%.

This growth in turn, will extend towards other sectors such as as agriculture, healthcare, manufacturing, and will catalyse the overall economic advancement.

In conjuction to that, Syed Ibrahim also stated that Malaysia being the chair of 2025 will also help elevate Malaysia as the preferred Asean digital hub.

MDEC looks to address the needs of MSME

Syed Ibrahim also shared that MDEC is looking to address the needs of micro, small and medium enterprises, which will also strengthen Malaysia’s broader vision of becoming the digital hub of Asean.

Speaking on the launch of Simplify Networks in Malaysia, Syed Ismail is sure that in the next three to five years they will help 5G is deployed widely throughout Malaysia.