Digital creative industry to grow 8% yearly

"The digital creative industry is proving to be a significant driver of growth for Malaysia," Gobind said.

PETALING JAYA: The digital creative industry recorded RM1bil in exports across 120 markets and territories in 2022, and the sector is growing at 8% yearly, says Digital Minister Gobind Singh Deo.

He said that today, the nation had over 300 studios engaged in animation, games, movies and various aspects of creative technology, with 20 new studios being set up annually, plus over 180 original Malaysian Intellectual Properties (IPs).

On top of that, he noted that the Malaysia Digital Economy Corp (MDEC) is committed under the MyDigital Blueprint and the 12th Malaysia Plan or 12MP to deploying a total of 200 IPs and 8% export growth rate from 2021 to 2025.

“These figures are beyond impressive. The digital creative industry is proving to be a significant driver of growth for Malaysia. And there is plenty of interest in the industry.

“The government is fully aware of the need to bolster the digital content space. This led to the creation of the Digital Content Ecosystem Policy, better known as DICE, in 2019,” he said in his speech at the Digital Creative Industry Day in Kuala Lumpur yesterday.

He said the Madani government had reaffirmed its commitment to the industry players and will drive and accelerate the nation’s digital initiatives to assist the related industries grow, as this is important to stimulate the next generation of industries and workforce, as well as strengthen and future-proof the digital ecosystem.

“We will be enhancing the DICE policy this year. This action plan is to push the creative industry to greater heights and it will be spearheaded by the Digital Ministry and MDEC. I am most delighted to announce two new incentive programmes by MDEC to catalyse the digital content industry,” he shared. — Bernama