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MDEC pushing to attract GBS market

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MDEC said the GBS market size in Malaysia is expected to grow from US$1.3bil in 2019 to US$1.5bil by end-2024.

In a statement, MDEC senior vice-president, investment and brand, and chief marketing officer Raymond Siva said the GBS market size in Malaysia is expected to grow from US$1.3bil in 2019 to US$1.5bil by end-2024.

“On that account, we are in a position of strength to bring more foreign direct investment to this sector, ” he said. MSC Malaysia currently counts 579 active GBS companies within its fold, with 57% being FDI. About 30% of the foreign-owned GBS are part of the Forbes Global 2000 and Fortune 500 companies.

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