MDEC records new investments of RM16.3bil in 2016

KUALA LUMPUR: Malaysian Digital Economy Corp (MDEC) has today announced that Multimedia Super Corridor (MSC) companies have recorded new investments of RM16.3bil in 2016, of which RM6.43bil were from new investors.

The new investments reflected a 40% increase from last year.

Malaysia also saw a steady increase in export sales from MSC-status companies, at an 18% growth from 2015, contributing RM19.1bil.

The Creative Content and Technology (CCT) cluster recorded the highest growth in export sales, with a contribution of RM1.17bil to total export sales in 2016.

Despite uncertain economic conditions, there was a ten-fold increase in investments for niche focus areas since 2014.

This includes focus areas like e-commerce, Internet of Things (IoT), cloud and data centre, as well as big data analytics and security.

These focus areas contributed RM3.7bil to the total export sales last year, a 38% growth from 2015.

“E-commerce saw favourable growth last year which brings us a step closer towards our vision of doubling the e-commerce growth rate and reach a gross domestic product (GDP) contribution of RM211bil by 2020.

“With e-commerce roadmap in place, we believe that we can achieve this goal.

“MDEC is surely not sitting on our laurels; instead, we will continue to drive he numbers and grow the nation’s economy through e-commerce,” said MDEC CEO Datuk Yasmin.