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Malaysia's DIF5 Strategy Secures RM213.95 Billion In Investments

Business Today ·  Dec 16 15:19
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The Digital Investments Future5 (DIF5) Strategy, a five-year initiative running from 2021 to 2025, has seen substantial success, attracting investments amounting to RM213.95 billion as of the third quarter of 2024. The strategy, implemented by the Malaysia Digital Economy Corporation (MDEC), has also drawn 710 new companies to invest in the country and created 76,429 new job opportunities.

Digital Minister Gobind Singh Deo highlighted that the achievements of DIF5 reflect investors' growing confidence in Malaysia as a prime destination for digital technology investments.

He made these remarks during a question-and-answer session in the Dewan Negara, where he responded to Senator Rita Sarimah Anak Patrick Insol's query about the ministry's progress in the DIF5 Strategy, which aims to create 50,000 high-value jobs.

Gobind also discussed the challenges of digitalisation and how the Digital Ministry, through MDEC, has introduced several initiatives to address them. One such initiative, the Malaysia Digital (MD) Workforce Training Directory, offers 219 recognised courses and certifications in areas such as artificial intelligence (AI), data science, cyber security, animation, and cloud computing, with 4,644 participants enrolled as of November 2024.

The MD Workforce Place & Train programme has seen 2,481 participants, empowering unemployed individuals with advanced digital skills, including digital marketing and cyber security, in collaboration with industry partners.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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