A delegation of business leaders and companies from the United Kingdom (UK) is in Malaysia, as part of the UK Technology Trade Mission 2016 organised by the UK Department for International Trade (DIT) together with the Malaysia Digital Economy Corporation (MDEC).
Aimed at driving opportunities for growing businesses in both Malaysia and the UK, the trade mission provides Malaysian MSC companies the opportunity to hear, meet and collaborate with some of the most successful and fastest growing technology companies from the UK.
|Paul Rennie OBE, Deputy British High Commissioner to Malaysia
with Dato’ Yasmin Mahmood, Chief Rxecutive Officer of MDEC
UK Technology Trade Mission 2016
The UK is one of the world’s leading and most innovative technology markets that over the past five years has benefited from the rapid growth across many technology subsectors. As it stands, Malaysia is the UK’s second largest trading partner in the ASEAN region with bilateral trade reaching £4.4 billion (RM25.6 billion) in 2015. As part of the trade mission, UK companies are encouraged to tap on Malaysia’s information and communications technology ecosystem and to look at Malaysia as the gateway to other emerging markets in the ASEAN region.
The trade mission comprises representatives from leading technology companies and potential investors from the UK accompanied by the Deputy British High Commissioner to Malaysia as well as officers and representatives from DIT.
Partnership Opportunities For MSC Companies In Cross-Cutting Technologies
This mission builds on a recent Memorandum of Understanding (MoU) signed in June 2016 between MDEC and the UK’s DIT which will see both countries jointly promoting the adoption of Digital Economy solutions, particularly in the areas such as Internet of Things (IoT), Cloud, Big Data Analytics (BDA), Cybersecurity, e-Commerce and Fintech. Collaboration and partnership opportunities in the areas of artificial intelligence will also be explored through the academia and industry platforms.
The MoU between the two agencies will also facilitate the implementation of joint projects on research and development, as well as innovations in respect to the development of sustainable smart cities and technologies.
The strengthening of the digital economy through international partnerships is part of MDEC’s mandate to pioneer the transformation of Malaysia’s digital economy. MDEC’s charter is to work towards encouraging inclusive technology adoption by Malaysians to improve their socio-economic wellbeing. At the heart of MDEC is MSC Malaysia, a national initiative that grows local digital businesses into global players whilst working to continuously future-proof the local digital ecosystem.