Malaysia’s digital investments hit record US$36.7bil in 2024

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Malaysia’s digital investments hit record US$36.7bil in 2024 - Digital News Asia

Quick Summary:

The top five states by MD companies’ inflows were recorded in the Klang Valley (RM136 billion), Johor (RM22 billion), Penang (RM3 billion), Sabah (RM423 million) and Sarawak (RM280 million), reflecting a nationwide push for digitalisation and economic expansion beyond central regions.[Ed: Note that most of the DDI investments made by Malaysian Digital companies are from subsidiaries of international companies that have MD status.]

Investments in data centres and cloud infrastructure accounted for 76.8% of total approved digital investments in 2024, a sharp rise from 55.5% in 2023.

[Ed: Note that when it comes to FDI, approved investments announced do not always realise the actual investment made as these investment figures are made based on projections of future growth and business conditions can change, therefore affecting the eventual investments made.