- 5G technology to boost entrepreneurship and SME expansion in Malaysia.
- Expected GDP growth through new services, industries, and increased productivity.
- MoU between MCMC and Mida to facilitate 5G adoption and business innovation.
The deployment of 5G technology is pivotal for Malaysia’s digital economy, fostering entrepreneurship and expanding SMEs. Communications Minister Fahmi Fadzil highlighted that 5G is expected to contribute significantly to the national GDP by creating new services and industries, developing innovative business models, and enhancing productivity and efficiency across various sectors.
In a ceremony marking the exchange of a memorandum of understanding (MoU) between the Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Investment Development Authority (Mida), Fahmi underscored the importance of inclusive growth through digitalization.
5G Adoption to Revolutionize Malaysian SMEs and Drive Economic Growth
The introduction of 5G technology in Malaysia is set to revolutionize the digital economy, with significant benefits for entrepreneurship and SME growth. Communications Minister Fahmi Fadzil emphasized that 5G will play a crucial role in boosting the national GDP by fostering the creation of new services and industries, as well as improving productivity and efficiency across various sectors.
The memorandum of understanding (MoU) signed between the Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Investment Development Authority (Mida) marks a strategic initiative to accelerate 5G adoption. Through this partnership, MCMC will provide technical support and training to facilitate the integration of 5G technology, while Mida will focus on identifying companies that can leverage 5G to enhance their business operations.
This collaboration is designed to ensure that the benefits of 5G technology reach all segments of society, promoting inclusive growth and digitalization. By enabling vertical sectors and SMEs to harness the power of 5G, the government aims to drive innovation, transform industries, and shape a more connected Malaysia.
Minister Fahmi expressed optimism that the MoU would pave the way for a new era of competitiveness and productivity for Malaysian SMEs. He believes that faster and more efficient adoption of 5G technology will unlock its full potential, leading to substantial economic and industrial transformation.
The strategic deployment of 5G technology in Malaysia promises to unlock immense potential across various sectors, driving innovation and economic growth. With government support and industry collaboration, 5G will play a pivotal role in shaping Malaysia’s digital future.
“The development of 5G aligns with the government’s goal of achieving inclusive growth and ensuring that digitalisation benefits all segments of society.”
– Fahmi Fadzil
