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.
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