I am grateful that the Digital Free Trade Zone (DFTZ) which the previous BN government had worked to conceptualize and launch in record speed together with Alibaba has not been cancelled by the PH government.
The DFTZ, is expected to create 60,000 jobs, facilitate US$ 65bil worth of traded goods by 2025, double trans-shipment and cargo volume for Malaysia by 2025. Initiatives like DFTZ are also tools to prepare the young people for jobs that do not even exist yet.
The digital economy is the fastest growing sector in our economy. It currently accounts for 18.2% of our GDP and is expected to grow and contribute 20% to our country’s GDP by 2020.
Congratulations to the Alibaba group on the opening of their Kuala Lumpur office, which is first office in South East Asia and the first outside China.