Egypt partners with Google to promote 'unmatched diversity' tourism campaign    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Taiwan GDP surges on tech demand    World Bank: Global commodity prices to fall 17% by '26    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Malaysia wants nearly $10 billion in ICT investment by 2020
Published in Bikya Masr on 05 - 07 - 2012

KUALA LUMPUR: Malaysia is moving forward and hopeful that it can achieve some RM31 billion ($9.8 billion) in public-private partnership investments from Digital Malaysia by 2020.
On Thursday, the optimistic projection was revealed by Multimedia Development Corporation (MDeC) CEO Badlisham Ghazali. He said 8 ICT projects had already been approved this year and will be rolled out in phases, with more in the pipeline.
The move has the ICT community in Penang excited, with Edris Mahammad, a web developer, hopeful that the new moves will boost Malaysia's already growing technology sector.
“We have seen a lot of government push in recent years, and it has really been successful, so this new initiative is only going to make doing business for us in the sector easier,” he told Bikyamasr.com via phone from Georgetown.
Launched last October, the Digital Malaysia initiative is a national project that hopes to increase the ICT sector's contribution to its gross national income (GNI) to 17 percent, or RM294 billion (US$93.2 billion), by 2020.
Badlisham added in the public statement reported by local Malaysian media that “one of the eight ongoing projects include the Asian e-Fulfillment Hub, which aims to turn Malaysia into Asia's hub for cross-border e-commerce shipment.”
He said that single project is expected to attract RM620 million worth of investments and create 1,622 jobs, and contribute RM287 million (US$91 million) to the country's GNI in 8 years' time.
Another project highlighted by Badlisham was e-payment services for small and midsize businesses (SMBs) and micro enterprises. This is expected to bring about RM600 million (US$190 million) in investments, create 2,000 new job opportunities, and contribute RM5 billion (US$1.6 billion) to the GNI, the Sun Daily reported.


Clic here to read the story from its source.