Malaysia unveils cloud policy to drive RM110bil digital economy boost
Digital Minister Gobind Singh Deo said the NCCP serves as the nation's strategic blueprint to drive a sovereign, secure, inclusive and sustainable digital ecosystem, positioning Malaysia as a premier investment destination in the regional digital economy.
He said the policy directly supports the objectives of MyDigital and the Malaysia Digital Economy Blueprint, not only by setting the strategic direction but also by unlocking real economic potential.
He added that a recent study by the Asian Development Bank Institute and AWS projects that even a one per cent increase in cloud adoption could contribute up to RM10.5 billion to Malaysia's gross domestic product (GDP).
"This figure is not just a statistic. It represents new jobs, greater opportunities and stronger economic resilience for our country.
"Moving forward, by accelerating cloud strategies from 2024 to 2028, we have the potential to unlock an additional RM110 billion in economic value," he said at the NCCP launch today.
Also present were Deputy Digital Minister Datuk Wilson Ugak Kumbong and the ministry's secretary-general, Fabian Bigar.
Gobind said the NCCP will drive investment in cloud technologies, boost the competitiveness of local businesses, particularly micro, small and medium enterprises (MSMEs), and create a conducive business environment for innovation to flourish.
Previously, he noted, cloud initiatives in Malaysia were implemented in silos, creating a risk of falling behind in the fast-evolving global digital economy.
He said the NCCP addresses this gap by adopting a whole-of-nation approach, bringing together government agencies, the private sector, cloud service providers, academia and the community.
He added that the policy will be aligned with existing national digital strategies, including MyDigital, the National Fourth Industrial Revolution (4IR) Policy and the New Industrial Master Plan 2030 (NIMP 2030) to ensure Malaysia remains on track to attract high-value foreign investments.
According to Gobind, the NCCP is anchored on five pillars, which are public sector transformation, private sector growth, data security, digital inclusion and environmental sustainability, forming a complete framework for building a globally competitive digital ecosystem.
Beyond economic growth, he said, the policy will deliver tangible benefits to the people, from equitable access to technology to the creation of high-skilled jobs.
"The NCCP is not just a technology agenda. It is an economic agenda. Investments in green data centres, cloud infrastructure and cybersecurity will strengthen our digital sovereignty while boosting GDP growth.
"Therefore, the Digital Ministry calls on all stakeholders to work together in implementing the NCCP in an integrated manner, ensuring Malaysia maintains its momentum as a key player in the global digital economy," he said.
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