MDEC records RM16.3b in new investments last year

KUALA LUMPUR: MSC Malaysia has attracted record high new investments for the second year in a row with a total new investments of RM16.3 billion in 2016.

Malaysian Digital Economy Corp (MDEC) CEO Datuk Yasmin Mahmood told reporters at the announcement of MSC Performance 2016, that RM6.43 billion were from new investors while the remaining RM9.84 billion were from existing investors.

Export sales also saw an increase with 18% from 2015, with RM19.1 billion from RM16.2 billion, with the creative content and technology(CCT) recording the highest growth with a contribution of RM1.17 billion.

Total investments inflow for MSC in 2016 was at RM31 billion, from RM28 billion in 2015.

Moving forward, Yasmin said she is cautiously optimistic on what this year holds.

She said investments will continue to be driven by the four areas of focus this year which are e-commerce, Internet of Things (IoT), cloud & data centre, big data analytics (BDA) and security, which contributed RM3.7 billion out of the total export sales last year.