Malaysian tech companies and Thai partners have signed ten memorandums of understanding (MoUs) which are expected to generate over MYR 200 million ($47.28 million) in potential digital export opportunities for these local tech companies.

Malaysia Digital Economy Corporation (MDEC) said in a statement on Wednesday that a key highlight was the renewal of MDEC’s MoU with Thailand’s Digital Economy Promotion Agency (depa), first signed in 2023.

This renewed agreement reinforces both nations’ shared ambition to develop their digital economies through joint initiatives and knowledge exchange.

“This renewed partnership with depa Thailand is testament to the strong synergy between Malaysia and Thailand in building a digitally connected and future-ready ASEAN,” said Anuar Fariz Fadzil, Chief Executive Officer of MDEC.

Several other MoUs were also signed between Malaysian and Thai companies, paving the way for collaboration in areas such as joint ventures, technology transfers, and market access.

These partnerships are expected to spark innovation and open new growth opportunities for businesses in both countries.

The MOUs were concluded in MDEC’s latest Digital Exports (DEX) CONNEX Thailand.

Held in conjunction with the prestigious Techsauce Global Summit 2025, the flagship program reflects MDEC’s ongoing commitment to strengthening cross-border digital collaboration, as evident by the support of 52 Malaysian tech companies in expanding their international presence, while also fostering innovation-driven partnerships across ASEAN.

“DEX CONNEX goes beyond being an access program to serving as a catalyst for strategic, cross-border collaborations that generate exports, attract investment and build resilience for our tech ecosystem,” said Fadzil.

DEX CONNEX Thailand 2025 was organized in collaboration with key partners, including the Embassy of Malaysia in Thailand, MATRADE Thailand, MITI, Malaysian Research Accelerator for Technology & Innovation (MRANTI), depa Thailand, True Digital Park, Techsauce, the Malaysia-Thai Chamber of Commerce (MTCC), GEN Thailand, and the Diplomatic Council.

These partnerships provide Malaysian tech companies with a strong support network and access to new market opportunities.

Looking ahead, MDEC will host the inaugural Smart City Expo Kuala Lumpur 2025 (SCEKL 2025) in September.

Themed “AI Cities: Shaping Our Digital Future”, the event will highlight Malaysia’s leadership in smart and sustainable digital solutions aimed at building more inclusive, connected, and future-ready cities.

Programs like DEX CONNEX are expected to play a key role in building innovation partnerships and accelerating Malaysia’s position as a regional digital economy hub, said the statement.

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