By embracing digitalisation, a country can improve its competitiveness, productivity, and efficiency. It can also create new job opportunities and promote entrepreneurship. Moreover, digital technologies can enable businesses to reach new markets and customers, thereby increasing exports and driving economic growth. The digital economy is important for a country as it can help transform traditional industries, stimulate innovation, and drive economic development.
The Star reports that according to Fahmi Fadzil, the Communications and Digital Minister, Malaysia is set to achieve its goal of contributing more than 25.5% of the nation’s gross domestic product (GDP) through its digital economy by 2025.
Recent surges in digital activities and investments, including US-based DigitalBridge Group’s plans to invest over RM4bil by the end of this year, have contributed to this success. Additionally, to further facilitate growth in nine digital sectors, the Malaysia Digital (MD) initiative will soon launch additional Pemangkin programs and three grants.
Fahmi stressed the importance of utilising data centres to grow the rest of the digital industry, stating that Malaysia must do more than just become a data centre hub.
Last month, we reported that Amazon Web Services (AWS) an Amazon company, announced plans to launch an AWS infrastructure Region in Malaysia. AWS will be investing in Malaysia with investments worth RM25.5 billion by 2037.
The new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, greater choice for running their applications and serving end users from data centres located in Malaysia.
