MDEC to attract RM5bil in FDIs

PETALING JAYA: The Malaysia Digital Economy Corp (MDEC) is at various stages of discussions to bring about an initial RM5bil of foreign direct investments (FDIs) as the country positions itself to be a data, analytics and artificial intelligence (AI) centre for the region.

“In the first five months of this year alone, we have made several business delegations to the United States, Britain, China and Japan which have resulted in more than 10 global companies looking to invest over RM5bil spread over several years. We are at various stages of discussions with them on the investments,’’ MDEC’s newly appointed chief executive officer Surina Shukri said.