Malaysia earmarks funds for cloud services

Asia Cloud Forum editors
25 Jul 2012
00:00

Accelerating the adoption of shared enterprise cloud services is among eight projects that have been identified under the Digital Malaysia initiative.

The eight projects will be rolled out in phases starting this year, according to Multimedia Development Corp (MDeC) CEO Datuk Badlisham Ghazali.

Under the initiative, shared enterprise services are projected to result in $94.4 million (300 million ringgits) in public-private partnership (PPP) investments, contribute 1.68 billion ringgits to the gross national income (GNI) and create 710 high-value jobs by 2020.

MDeC and the Ministry of Science, Technology and Innovation (MOSTI) form part of the steering committee driving the Digital Malaysia initiative, which was unveiled by Malaysian Prime Minister Datuk Seri Najib Tun Razak last October.

As a whole, the initiative is expected to create 160,000 high-value jobs and result in about 31.2 billion ringgits worth of investments based on a PPP model by 2020. It will also raise the information and communication technology's (ICT's) GNI contribution to 17% by 2020 from 9.8% in 2010, reaching 294 billion ringgits.

The eight projects, Badlisham said, will be the first batch of many in the pipeline. Another project identified is the Asian e-Fulfilment Hub that seeks to develop Malaysia into the Asian hub for servicing cross-border e-commerce shipment into the region. This project is expected to need PPP-based investments worth 620 million ringgits, while creating 1,622 jobs and a 287 million ringgit GNI contribution by 2020.

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