From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    Egypt signs $140m financing for Phase I of New Alamein silicon complex    Egyptian pound edges lower against dollar in Wednesday's early trade    Oil to end 2025 with sharp losses    GlobalCorp issues eighth securitization bond worth EGP 2.5bn    Egypt completes 90% of first-phase gas connections for 'Decent Life' initiative    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Saudi Arabia demands UAE withdrawal from Yemen after air strike on 'unauthorised' arms    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt to cover private healthcare costs under universal insurance scheme, says PM at New Giza University Hospital opening    Qatari Diar pays Egypt $3.5bn initial installment for $29.7bn Alam El Roum investment deal    Egypt to launch 2026-2030 national strategy for 11m people with disabilities    Kremlin demands Ukraine's total withdrawal from Donbas before any ceasefire    The apprentice's ascent: JD Vance's five-point blueprint for 2028    Health Ministry, Veterinarians' Syndicate discuss training, law amendments, veterinary drugs    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    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
Alisha Hassan 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.