Public-private partnerships are vital for shaping the future of the Asean region, especially in advancing the digital economy, according to Malaysia Digital Economy Corporation (MDEC) CEO Anuar Fariz Fadzil. He emphasized that collaboration between the government and private sectors can “accelerate the adoption of transformative technologies,” fostering an environment conducive to innovation and business growth. As Malaysia prepares to chair Asean in 2025, Anuar highlighted the significance of artificial intelligence (AI) as a potential “game-changer” for the country and the region.
Digital Minister Gobind Singh Deo expressed optimism that Malaysia’s digital economy is set to exceed the projected 25.5% contribution to the nation’s GDP by the end of 2025. Prime Minister Datuk Seri Anwar Ibrahim announced the establishment of a national AI office to coordinate initiatives, focusing on completing a five-year technology action plan and developing a regulatory framework to promote ethical and sustainable AI within the next year.
Anuar stated, “AI will play a central role in reshaping industries, enhancing operational efficiencies and driving productivity.” He noted that MDEC is leading efforts to cultivate AI talent and spur innovation, aiming to ensure that Malaysia is not just a consumer but also a creator of AI technologies.
AI is becoming a crucial growth driver across various sectors, including the advancement of 5G infrastructure and the increasing demand for AI specialists in education. Anuar emphasized the importance of local SMEs, describing them as “the cornerstone of the national economy.” He advocated for equipping SMEs with digital tools and platforms to enhance their competitiveness and productivity.
To position Malaysia as a regional digital leader, Anuar underscored the necessity of attracting foreign direct investments in technology and innovation sectors. He stated, “By creating a favourable business environment and promoting Malaysia’s position as a tech hub, we can attract international investors looking to tap into Southeast Asia’s booming digital economy.” Additionally, he pointed out the potential for Malaysia to export its home-grown digital innovations to other Asean countries, thereby contributing to regional digital growth while strengthening its global presence.
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