Govt expects more digital investments in 2025, says Gobind

11 Oct 2024

The government expects more digital investments to flow into Malaysia in 2025, said Digital Minister Gobind Singh Deo.

The minister said that as Malaysia chairs Asean in 2025, the country is well positioned to present itself as a destination for digital investments in the region.

“I think we have seen an increase in confidence shown by global technology giants in Malaysia as being a destination for their investments.

“There are ongoing discussions with many other companies, and I anticipate moving ahead next year. We will see more investments, which augur very well for the country,” he said at a press conference after the launch of the Gamuda Artificial Intelligence (AI) Academy here on Friday.

Gobind said the government is certain more investment announcements would be made after a series of new investments in the last eight months.

Earlier, Malaysia welcomed investments of US$14.70 billion (RM63.02 billion) proposed by US technology giants such as Google, Microsoft, Enovix Corporation, Amazon Web Services, Abbott Laboratories, and Boeing.

Prime Minister Datuk Seri Anwar Ibrahim conveyed the matter during his bilateral meeting with US Secretary of State Antony Blinken on the sidelines of the 44th and 45th Asean Summits and Related Summits in Vientiane, Laos.

The prime minister said Malaysia looks forward to strengthening cooperation with the US in emerging industries.

Meanwhile, Gobind said the ministry is also looking forward to cooperating with the Ministry of Education to ensure AI awareness among students in the country.

“We will cooperate with them (the Ministry of Education) to determine how we can ensure that we can bring AI awareness to all sectors, different groups, including students in this country,” he added.

Source: Bernama