MDeC confident of further MSC growth

  • Business
  • Thursday, 21 Apr 2011

KUALA LUMPUR: Multimedia Development Corp (MDeC) expects to sees further growth in the third phase of the development of the Multimedia Super Corridor (MSC) that is set to run from this year to 2020.

Chief executive officer Datuk Badlisham Ghazali said during this critical phase, MDeC would help the MSC to develop Malaysia's high-value economy by continuing to drive the uptake of information and communication technology (ICT).

He said the first four years of the MSC Malaysia Phase 3 plan aimed to see MSC companies achieve a 21% increase in gross domestic product (GDP sum of good and services produced) contribution to RM42bil. This compares with the RM34.57bil it recorded in Phase 2 which ran from 2004 to 2010.

Badlisham said at the end of the four years (end-2015), MSC companies' revenues were expected to increase to RM142bil from the RM103.8bil recorded in Phase 2. A 75% increase in exports to RM58bil from RM33bil and a 47% increase in job creation to 160,000 from the 111,367 in the previous phase are expected.

“We want ICT to be more pervasive with a wider economic footprint. Our strategies in the three main clusters of creative multimedia, shared services outsourcing and InfoTech have been realigned to put stronger emphasis on wealth creation and high-value investments,” he said.

Badlisham added that MDeC was very confident going forward into the MSC Malaysia Phase 3 as it had gained above its target in Phase 2.

“Phase 2 is about creating economies of scale while Phase 3 is focused on empowering the rakyat, further enabling the Government and enhancing the ICT sector towards achieving the goal of an innovative, high-income and developed nation by 2020 in line with the New Economic Model,”he said.

Other core initiatives under Phase 3 include the establishment of two new cybercities each year and completing the Innovative Digital Economy framework by the second half of this year.

MDeC is an organisation that directs and oversees MSC Malaysia, the national ICT development initiative, by advising the Government on legislation and policies, developing industry-specific practices and setting the standards for multimedia and digital operations.

The group is also responsible for promoting MSC locally and globally, while providing strategic support to MSC Malaysia's status companies.

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