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Malaysian UK Trade Mission Strengthens Ties Between The Two Nations’ Technology Sectors

The Malaysian Digital Economy Corporation (MDEC) is participating in a tech trade mission this week with the UK Department for International Trade (DIT), following bilateral discussions between the countries since June. The visit aims to strengthen the economic, business and trade bonds between the two nations.

As part of the trade mission, MDEC, the body responsible for developing Malaysia’s digital economy, is signing three Memorandums of Understanding (MoUs):

  • With PGI Cyber Academy, Bristol, to collaborate to strengthen and develop cybersecurity capacity in Malaysia, and to work together to develop a cybersecurity academy in Malaysia. This is the first cyber security academy in the Asia Pacific region and will Introduce UK GCHQ accredited cyber security courses in building and strengthening the cyber security talent pool for Malaysia and APAC region.
  • With Future Cities Catapult, London, to confirm an exchange and partnership programme for UK / Malaysian Smart Cities projects
  • With the University of Salford to commit to a research and development (R&D) information exchange, focusing particularly on data analytics, IoT and cyber security.

The mission also sees three Malaysia based security companies (Sysarmy Sdn Bhd, TecForte Sdn Bhd and LGMS) signing MoUs with the University of Salford to fortify solution proposition in the area of cyber Threat intelligence, Darknet & Dark Web analysis, malware & vulnerability analysis, and IoT Security & Forensic.

Malaysia is the UK’s second largest trading partner in The Association of Southeast Asian Nations (ASEAN) with bilateral trade reaching £4.4 billion in 2015 (and this figure expected to be significantly larger by the end of 2016).

Earlier in June DIT hosted MDEC during the London Tech Week, signifying the UK’s commitment and interest in relations with Malaysia’s technology sector, and Malaysia’s position as a gateway to ASEAN markets.

The mission is being led by MDEC’s CEO Yasmin Mahmood, who comments: “We are excited to be signing MoUs with innovative UK organisations and building opportunities with the UK’s growing technology sector. DIT has been extremely supportive, and we are looking forward to further strengthening the relationship between our two nations”.

H.E. Vicki Treadell CMG MVO, British High Commissioner to Malaysia, says: “With one of the largest and fastest growing technology sectors in the world, The UK is well placed to partner Malaysia to create business opportunities, develop talent and enhance the digital economy in both countries. I am confident that the UK and Malaysia can look forward to productive collaboration as we work to embrace and shape the digital opportunity together.”

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