What role will technology and innovation play in the 12th Malaysia Plan?

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Technology and Innovation as Key Drivers in the 12th Malaysia Plan

The 12th Malaysia Plan prioritises technology and innovation as crucial enablers for economic growth and digital transformation over the next five years. This strategic focus aims to strengthen the nation's capacity to leverage digital advancements, ultimately fostering a more robust digital economy and achieving widespread digital inclusivity.

The development strategy outlined in the 12th Malaysia Plan places significant emphasis on strengthening growth enablers, with a pronounced focus on the technology and innovation sectors. This approach is designed to accelerate Malaysia's economic development by harnessing the potential of digital advancements. The digital economy is specifically projected to become a substantial contributor to the nation's gross domestic product, with an anticipated share of 25.5 per cent by the year 2025.
Enhancing Digital Inclusivity

Malaysia possesses the capacity and capability to achieve 100 per cent digital inclusivity, particularly for vulnerable communities, as part of its efforts to bridge the digital divide. This objective is supported by the efficient and effective utilisation of technologies, which can stimulate national economic growth. By leveraging public-private partnerships, the government aims to reduce its expenditure, improve the delivery of public facilities and services, and encourage innovation and economies of scale.
Driving Economic Growth Through Partnerships

Strengthening existing partnerships and forging new collaborations with the private sector are identified as critical steps to ensure Malaysia's position as a leading regional investment destination. These collaborations are expected to trigger rapid growth within the digital economy. The efficient utilisation of technologies through such partnerships can drive economic growth, reduce government expenditure, and improve public service delivery.
Accelerating Digital Transformation

The Covid-19 pandemic has notably accelerated the adoption of digitalisation, aiding businesses in navigating challenges without compromising efficiency and productivity. Agility and flexibility, facilitated by the adoption of digital technologies, proved essential for survival during difficult times, especially when face-to-face interactions were not feasible. Initiatives like the Huawei Customer Solution Innovation Centre (CSIC) are highlighted as contributing to the nation's digital transformation efforts.
Cultivating Local Talent for Digital Advancement

Talent is considered a crucial component in accelerating digital transformation for the nation. Huawei Malaysia's commitment to employing local staff demonstrates an important step in embracing the concept of "Keluarga Malaysia" and addressing the goal of achieving 100 per cent digital inclusivity. This underscores the importance of fostering local expertise to drive technological advancements and digital adoption across the country.

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What role will technology and innovation play in the 12th Malaysia Plan?

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