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Malaysian companies must be prepared to sink in substantial investments, run the risks and ride the challenges if they want to succeed in penetrating the lucrative Middle-East market, said Seven Seas Computers LLC strategy and intellectual assets director Mehboob Hamza.
A West Asian country is currently exploring the option of sinking a US$50mil fund into Malaysia to promote investment in the county's information technology (IT) sector, said Multimedia Development Corp (MDeC) chief executive officer Badlisham Ghazali on Sunday.
MSC-status company eGames Global Sdn Bhd has secured an investment of US$25mil from Japan-based trust fund company Digital Contents Trust Inc (JDC) for the development of world-class online content and games.
THE growing stature of Cyberjaya as the melting pot for information and communications technology (ICT) enterprises will serve to attract more foreign direct investments to the country's shores. This will spur greater interest in properties there.
CYBERJAYA is shaping up well as a world-class intelligent city for international information and communications technology (ICT) enterprises and a lively residential and commercial address in the south of the Klang Valley.
Multimedia Development Corporation (MDeC) aims to widen its global presence in Bangalore, India, one of the world's fastest-growing information, communications and technology (ICT) market.
myMCSB Sdn Bhd, a unit of second board-listed MCSB Systems (M) Bhd, plans to expand its domestic and regional presence, said chief executive officer Julius Lim Sheng Loong.
Bumiputras should be given priority in new sectors such as biotechnology and information communications technology (ICT), to ensure they are not left behind, Umno Youth deputy chief Khairy Jamaluddin said.
The Malaysian Industrial Deve-lopment Authority (Mida) has approved 23 projects worth RM445mil for Perak until July this year.
Kulim Hi-Tech Park (KHTP), the fourth cyber centre in the country to receive MSC Malaysia Cybercity status this year, could potentially attract biotech companies, Multimedia Development Corp Sdn Bhd (MDEC) chief executive officer Badlisham Ghazali said.