Digital Economy Week at Expo 2020 Dubai is held on 9 to 15 January 2022 at the Malaysian Pavilion of the world expo. The Digital Economy Week is set to generate RM300 million worth of potential trade and investment opportunities, as well as securing 50 business leads from across the globe.
“The announcement of Malaysia Digital in Expo 2020 Dubai comes as timely and relevant, as the improved processes and incentives will be crucial to accelerate Malaysia’s economic recovery as we exit the COVID-19 pandemic,” said YB Tan Sri Datuk Seri Panglima Haji Annuar bin Musa, Minister of Communications and Multimedia.
The Digital Economy Week at Expo 2020 Dubai marks the soft launch of Malaysia Digital. Malaysia Digital is the new program that will serve to accelerate Malaysia’s digital economy and create substantial digital economic spill-over through equitable access to digital tools, knowledge, and income opportunities. This new program is an enhanced programme succeeding the revamped MSC Malaysia, which had been in operation for 25 years.
Malaysia Digital is also set to enhance Malaysia’s value proposition to attract digital investments through a new framework centred on three primary components: Agility, Flexibility, and Relevance.
Malaysia Digital offers agility for local and international tech companies by providing more options and flexibility for companies to choose from competitive fiscal and/or non-fiscal incentives. It also seeks to expand beyond designated locations into a nationwide initiative, providing more flexibility and opportunity for companies to grow, expand, or reinvest anywhere within Malaysia. Lastly, it addresses the component of relevance by featuring improved governance and processes to meet the industries’ diverse needs at speed for remaining competitive.
On top of that, new framework will include other improvements e.g. a refresh of the Bill of Guarantees, non-location-based incentives, and an expansion of locations for MSC promoted activities. All these are to accelerate the Malaysia’s digital economy and competitiveness.
Malaysia’s participation in the world expo is spearheaded by the Ministry of Science, Technology, and Innovation (MOSTI) with the Malaysian Green Technology and Climate Change Corporation as implementing agency. Malaysia Digital Economy Week at Expo 2020 Dubai was launched by the Malaysian Communications and Multimedia Ministry, and Malaysia Digital Economy Corporation (MDEC).