The decision of five British technology firms to invest in Malaysia is a sign of growing confidence in the economy, Communications and Multimedia Minister Gobind Singh Deo said today. 

In a joint statement with the UK International Trade Department, Gobind said that Ideagen, AuditXPRT, Mitra Innovation, BAE Systems Applied Intelligence and Sage Group moving into Malaysia will also help encourage innovation.

"As Malaysia continues to implement technologies such as artificial intelligence, robotics and cybersecurity, the investment of more UK tech companies to Malaysia highlights their confidence that the country is moving in the right direction.

"The aim of collaboration in the area of technology is incredibly essential, not only to aid economic growth in Malaysia, but also to help encourage innovation and productivity.

"I also hope these investments will open up prospects for businesses in both countries, and help ensure we maximise the benefits of technology for our societies and nation," he said.

Nottinghamshire-based Ideagen will open a centre of excellence in Kuala Lumpur, while AuditXPRT has made the capital as its hub for Southeast Asia.

Mitra Innovation, meanwhile, is working in collaboration with a Malaysian partner to modernise the tech ecosystem by using AI to improve cybersecurity.

Charles Hay, the British high commissioner to Malaysia, said that the long-term investment indicates the talent available in the country.

"I am delighted to see leading UK technology companies investing in Malaysia," Hay said.

"This kind of long-term investment is a testament to the quality of the talent pool here.

"Collaborations in the technology, artificial intelligence and cybersecurity sectors are vital to the modern-day partnership between the UK and Malaysia."