KUALA LUMPUR: Multimedia Development Corp (MDeC) expects to see more domestic direct investments (DDIs) from government-linked and large local companies into the Multimedia Super Corridor (MSC Malaysia).
Chief executive officer Datuk Badlisham Ghazali said he wanted to woo more quality investments and not just the number.
“We will look at the quality of the investments that we are attracting and are very cognizance about the type of investments we pull in,” he told reporters after announcing MSC Malaysia’s 2013 performance here yesterday.
Badlisham, who will be the new managing director of Malaysia Airports Holdings Bhd, effective June 23, said new investments in 2013 rose three per cent to RM3 billion, out of which 78 per cent were DDIs and the rest, foreign direct investments.
Meanwhile MDeC said MSC Malaysia raked in revenue of RM34.55 billion last year, an increase of three per cent from 2012.
“The result reflected another year of continued growth and saw increases across-the-board.
The MSC Malaysia’s contribution to gross domestic product increased by 6.5 per cent to RM12.06 billion.
“This performance also means that MSC Malaysia’s GDP contribution has increased by 23 per cent over the past five years,” it said.
On his new position, Badlisham said he looked forward to working with the airport operators’ clients to achieve win-win for all. — Bernama