Malaysia has secured MYR8.3 billion ($1.79 billion) worth of investment commitments in various digital technology sectors during the investment mission to London Tech Week 2023 led by Communications and Digital Minister Fahmi Fadzil.

These investments are expected to create no fewer than 1,800 high-value jobs, the minister said at the signing of a memorandum of understanding (MoU) between Malaysia Digital Economy Corporation (MDEC) and the International Data Centre Authority (IDCA), national news agency Bernama reported on Wednesday.

MDEC will also be collaborating with the UK-ASEAN Business Council (UKABC) and the Commonwealth Enterprise and Investment Council.

Sunway Group also signed an MoU with Wippd and other investment announcements were made by nine UK companies, including Access Group, Dataswyft, TPP, Activpayroll, Ekco, Yondr Group, GBG, Hamilton Barnes, and MMOB.

Fahmi said this 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 has also conducted a roundtable session with esteemed 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 2023 on Tuesday evening and participate as panellist in the “Global Tech Stage” session, according to the report.

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