What new employment opportunities will MSC status projects create?

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MSC Status Projects to Generate Thousands of New Employment Opportunities

Approved MSC status projects from the previous year are projected to create 3,794 new job opportunities for Malaysians. These projects, which attracted RM3.9 billion in investments, underscore a continued momentum in the domestic digital technology sector.
Investment Value of Approved Projects

The total investment associated with the 45 MSC status projects approved last year amounts to RM3.9 billion. Of this sum, RM2.6 billion, representing 66.2 per cent, originated from domestic investments. The remaining RM1.3 billion, or 33.8 per cent, was attributed to foreign investments.
Job Creation Targets

These approved MSC status projects are specifically anticipated to lead to the creation of 3,794 new employment opportunities. This figure aligns with broader national digital economy goals, which aim to generate a significant number of jobs by 2025.
Contribution to Digital Economy Goals

The development and approval of these projects are part of Malaysia's broader strategy to advance its digital economy. The Malaysia Digital Economy Blueprint (MyDIGITAL) estimates that the digital economy could contribute 22.6 per cent to the GDP and create 500,000 jobs by 2025, with the digital sector's contribution to GDP already being significant in 2019.

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What new employment opportunities will MSC status projects create?

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