Digital investments in Malaysia are set to hit a record RM163.6 billion in 2024, compared to RM46.8 billion in 2023, driven by a stable government and pro-business policies in reinforcing the country’s reputation as a regional tech hub.
Strong infrastructure and strategic public-private partnerships have strengthened investor confidence in Malaysia as a leading digital hub. A supportive regulatory framework and Malaysia’s push into AI and quantum computing further accelerated growth, attracting high-value global investments, said Malaysia Digital Economy Corporation (MDEC) in a statement today.
These latest findings from MDEC follow on the heels of the Malaysian Investment Development Authority (MIDA) announcing that Malaysia secured RM378.5 billion in approved investments last year — the highest in the nation’s history — marking a 14.9% year-on-year increase from the previous record of RM329.5 billion in 2023.