Mosti: Malaysia needs RM85.7b in R&D investment by 2030 to reach policy targets

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Hasni Mohammad Nouvelles

Ministry Of Science,Technology And Innovation,Research And Development R&D

KUALA LUMPUR, Oct 18 — A total investment of RM85.7 billion in research and development (R&D) is required to achieve the targets set by the National Science, Technology and...

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The ministry stated that the policy aims to increase the gross domestic expenditure on R&D to 2.5 per cent of gross domestic product by 2025 and 3.5 per cent by 2030. The ministry was responding to Datuk Seri Hasni Mohammad who asked whether the R&D funding rate impacts the country’s technological development and innovation capacity, referencing Malaysia’s position compared to other countries like South Korea in terms of R&D allocations.

 

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