SHARJAH, UAE – The technology sector is set to undergo a rapid change over the coming years with companies based in the East set to take the lead in setting how the industry innovates, claimed a senior manager at the Malaysian Development Corporation (MDeC) today during a panel event with local and regional industry leaders.
Speaking at the inaugural Malaysia Services Exhibition (MSE) 2008, VP Marketing and Branding Division, MDeC, Niran Noor explained how solutions developed in regions of the world such as South East Asia would be able to better deliver the simplicity and ease of use that companies and businesses in emerging markets are looking for.
“In countries such as India and China, in the countries that are fuelling the world’s economy, there’s a need for technology that suits their requirements and provides value. They’re going to be the new engines of the global market and companies here in Malaysia and the rest of the East are set to capitalize on our competitiveness, innovation, and our talent to deliver solutions for this new world,” said Noor.
With forecasts predicting that eastern economies such as those in South East Asia will experience 30 to 40 percent faster growth than current developed markets, technology companies based in Malaysia will be able to cater to an estimated market of more than 800 million middle class consumers. With end to end solutions, the next technology hubs will be those of Kuala Lumpur and Cyberjaya, believes Noor.
Joined by some of Malaysia’s leading technology firms from MSC Malaysia, including BriteSoft, CWORKS, Scan Associates, Microlink, and XYBASE, MSE 2008 is showcasing the best of what the East has to offer in terms of software development and service solutions for partnerships with solution providers based in the Middle East.
Viewed as one of the best locations worldwide for innovation and education by multinational corporations for its competitiveness in the global arena, Malaysia was recently ranked in the top three of the services and outsourcing industry worldwide by a number of consultancy firms, including AT Kearney and Frost and Sullivan.
“The Middle East in general and countries such as the UAE and Saudi Arabia in particular, are looking towards the East and companies in Malaysia for their technology and business needs. Participation here at MSE 2008 will continue what we’ve been building towards over the past few years, in highlighting the strengths of our MSC status companies as they look to establish themselves in the Middle East region. Malaysia offers the four c’s – competitive, comprehensive, cutting edge and credible solutions from the heart of Asia. We look forward to presenting potential partners and customers with the latest technology, services and products that Malaysia has to offer here at MSE 2008,” Noor concluded.
About MSC Malaysia (www.msc.com.my)
MSC Malaysia is a national initiative spearheaded by the Malaysian Government to promote both the national ICT industry and provide a test-bed for the global ICT industry. MSC Malaysia provides a conducive enabling environment designed to facilitate companies to harness the full potential of ICT and multimedia technologies. With its ideal business environment coupled with the availability of talent resources, the MSC Malaysia has attracted participation from major global ICT companies to develop and host their leading-edge technologies in the designated MSC Malaysia Cybercities. MSC Malaysia also provides the ideal growth environment for Malaysian ICT SMEs to transform themselves into world-class companies.
Come explore the unlimited opportunities of the ICT world by locating in MSC Malaysia and be part of our global network of businesses and connected communities.
About Multimedia Development Corporation (MDeC)
Multimedia Development Corporation (MDeC) is a unique high powered government-owned corporation, established to facilitate the development and promotion of MSC Malaysia, the premier Malaysian ICT initiative. MDeC is tasked to advise the Malaysian Government on ICT legislation and policies, develop MSC Malaysia as a key growth driver of the economy and set breakthrough standards for ICT and multimedia operations. MDeC also promotes MSC Malaysia locally and globally, as well as supports companies which are located within the MSC Malaysia designated areas.
MDeC works closely with various parties and government agencies to ensure that MSC Malaysia offers a conducive enabling environment for companies to harness the full potential of ICT and multimedia technologies.
