MDEC, Mida launch digital investment platform in Malaysia

THE Malaysian Development Authority (Mida) Digital Investment Office (DIO) has launched “Malaysia, Heart of Digital Asean” (MHODA), a single digital investment platform in conjunction with Malaysia Tech Month 2021 yesterday.

Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed (picture) said to streamline the process of digital investment into Malaysia, the platform will complement investors’ need to navigate multiple channels or investment promotion agencies, to secure their investments in Malaysia.

“The MHODA platform will ensure a quicker and more streamlined process for digital investment applications,” he said in the statement yesterday.

The platform also provides future-ready policies and guides on talent requirements, digital infrastructure networks and addresses operational issues faced by businesses.

Mida CEO Arham Abdul Rahman said as the frontrunner for DIO, Mida will continue to serve and provide a cohesive support system to entice investors as well as elevating Malaysia’s position as the “Heart of Digital Asean.”

“The platform will enable investors to firm up investment plans and project implementation as an ideal business location for companies in digital space,” he said.

Arham added that the DIO initiative will further solidify Malaysia’s aim to reinvigorate the national agenda to enhance competitiveness as formulated in the National Investment Aspirations.

“We are convinced that DIO, through the MHODA platform, is a stepping-stone towards the country’s digital evolution,” he said.

Meanwhile, CEO Surina Shukri said through its role as a single-window for all digital economy investors, DIO will establish a centralised data and reporting platform to capture a holistic view of digital investments.

“The reporting will also include an assessment of any unnecessary interruptions,” she added.

At the ongoing Malaysia Tech Month 2021, businesses are invited to learn about new perspectives on domestic and global developments in artificial intelligence, drone technology, data analytics, fintech and the digital workforce.

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