Malaysia Digital Economy Corporation Sdn. Bhd. or MDEC (formerly known as Multimedia Development Corporation Sdn. Bhd.) is an agency under the Ministry of Communications and Multimedia Malaysia. MDEC has been entrusted to develop, coordinate, and promote Malaysia’s digital economy, information and communications technology (ICT) industry, and the adoption of digital technology amongst Malaysians.
Incorporated on 5th June 1996, MDEC was officially established to strategically advise the Malaysian Government on legislation, policies and standards for ICT and multimedia operations. Additionally, MDEC is also entrusted to oversee the development of the MSC Malaysia initiative, the platform to nurture the growth of local tech companies whilst attracting foreign direct investments (FDIs) and domestic direct investments (DDIs) from global multinational companies to invest and develop cutting-edge digital and creative solutions in Malaysia.
In 2011, MDEC’s mandate was broadened to drive Malaysia’s transition towards a developed digital economy by 2020. In 2012, Digital Malaysia was official unveiled as the nation’s transformational programme to achieve this objective. Digital Malaysia is a national agenda that is fully developed with a sustainable digital economy built upon a vibrant domestic ICT industry, transformative adoption of digital solutions by government, businesses and citizens, as well as a robust enabling ecosystem. For more information about MDEC, please visit www.mdec.my