M’sia pulls RM8.3 bil in investment commitments at London Tech Week: Fahmi

M’sia pulls RM8.3 bil in investment commitments at London Tech Week: Fahmi

Minister says this expected to create at least 1,800 high-value jobs

LONDON – Malaysia has secured RM8.3 billion worth of investment commitments in various digital technology sectors during an investment mission to London Tech Week led by Fahmi Fadzil.

These investments are expected to create no fewer than 1,800 high-value jobs, the communications and digital minister announced at the signing of a memorandum of understanding (MoU) between Malaysia Digital Economy Corp (MDEC) and the International Data Centre Authority here.

MDEC will also be collaborating with the UK-Asean Business Council and with the Commonwealth Enterprise and Investment Council.

During the event, Sunway Group also signed an MoU with Wippd and other investment announcements were made by nine prominent companies from the United Kingdom, including Access Group, Dataswyft, TPP, Activpayroll, Ekco, Yondr Group, GBG, Hamilton Barnes, and MMOB.

Fahmi said this achievement signifies the unwavering confidence of foreign investors in the robust framework of Malaysia Digital (MD), a national strategic initiative driving the digital economy, thus affirming that MD is on the right path towards achieving its objectives.

As part of the mission, Fahmi conducted a round-table session with business figures and executives to discuss the MD initiative.

He is also scheduled to give a keynote speech titled “Opportunities in Asean” at London Tech Week this evening and participate as a panellist in the Global Tech Stage session.

Also present at the round-table was MDEC chief executive Mahadhir Aziz.

– Bernama, June 13, 2023

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