The government has established the Digital Investment Office (DIO), which will coordinate and facilitate all digital investments in Malaysia. Accordingly, the DIO will be a collaborative effort between the Malaysian Investment Development Authority (MIDA) and the Malaysia Digital Economy Corporation (MDEC).
With an eye on making Malaysia a preferred digital hub in ASEAN, the platform is intended to promote awareness on digital investments in the country as well as strengthen coordination between all Investment Promotion Agencies (IPAs).
“The setting up of this DIO is indeed timely in line with the evolution of the investment landscape in the region towards digitalisation and Industry 4.0, as it will create a unique value proposition for the upcoming digital investments,” said Senior Minister and Minister of International Trade and Industry (MITI) Azmin Ali.
MIDA, an agency under MITI, said it looked forward to working closely with MDEC to accelerate the growth of digital investments. MDEC, for its part, called the DIO a “game changer as it will be the single point of contact for investors in our digital economy,” combining MIDA’s global infrastructure and MDEC’s subject matter expertise in the digital economy ecosystem.
The government said that the DIO’s role is consistent with its MyDIGITAL Blueprint and National Investment Aspirations.