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MDEC records new investments of RM16.3 billion in 2016

Friday, 17 March 2017

KUALA LUMPUR: Malaysia Digital Economy Corporation (MDEC) recorded new investments totalling RM16.3 billion last year, up from the RM4.57 billion in 2015. Chief Executive Officer Datuk Yasmin Mahmood said of this sum, RM6.43 billion was from new investors, for a record-breaking second consecutive year.

The RM9.84 billion from existing investors was also a promising figure despite the challenging economic landscape.

“We are very proud of last year’s achievement. Our strategy to lead the Digital Economy is paying off and we have seen a positive, healthy year from MSC-status companies in Malaysia with record new investments and strong numbers from new investors,” she told a media briefing on MDEC’s 2016 performance here today.

Yasmin said export sales from MSC Malaysia companies also rose 18% to RM19.1 billion from RM16.2 billion in 2015, with the Creative Content and Technology cluster recording the highest growth at RM1.17 billion.

Source by: Internet

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