RM450 million secured as 26 MoUs signed between Malaysia, Indonesia firms
JAKARTA (July 4): A total of 26 memorandums of understanding (MoUs) were signed between Malaysian and Indonesian companies under the DEX CONNEX Indonesia programme, unlocking over RM450 million in digital export opportunities for 83 Malaysian tech firms.
The initiative led by Malaysia Digital Economy Corporation (MDEC) is part of ongoing efforts to expand regional cooperation and boost Malaysia's digital economy across Asean.
The MoUs cover sectors such as cybersecurity, AI, cloud services, food and beverage, digital platforms and talent development.
The goal, according to MDEC in a statement on Thursday, is to build a strong and collaborative digital ecosystem across Asean, with Malaysia championing innovation as Asean Chair this year.
MDEC CEO Anuar Fariz Fadzil said Indonesia plays a vital role in Malaysia's digital ambitions.
He said Malaysia is focusing on cross-border collaboration to build a resilient digital bridge between two thriving tech ecosystems.
'With our strong tech ecosystem and the spirit of ASEAN unity, both nations continue to nurture a future where digital growth is inclusive, sustainable, and benefits all layers of society, ensuring long-term success,' he added.
DEX CONNEX Indonesia is backed by the Embassy of Malaysia in Jakarta, the Ministry of Investment, Trade and Industry (MITI), Malaysia External Trade Development Corporation (MATRADE) Jakarta, and Indonesia's Ministry of Communication and Digital Affairs (KOMDIGI), along with various public and private sector partners from both countries.
Anuar was joined at the MoU exchange ceremony by Malaysia's Ambassador to Indonesia Datuk Syed Md Hasrin Tengku Hussin.
DEX CONNEX is a flagship platform under MDEC's GAIN (Gateway, Amplify, Invest and Nurture) programme which links Malaysian companies to global markets and tech ecosystems to drive bilateral digital trade.
From 2017 to 2023, the GAIN programme recorded RM31.9 billion in revenue and over RM11.2 billion in exports.
These results are driven by Malaysian companies making full use of MDEC's export facilitation and market access support.
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