As part of the Budget 2024 announcement, Finance Minister Dato’ Seri Anwar Ibrahim announced that the government is allocating the budget to promote foreign gaming companies and brands to invest in Malaysia.
The allocation is also to entice esports companies to set up shop in Malaysia. The country already has some big names in the gaming industry opening their offices here. Names such as Playstation, Streamline Studios, and Bandai Namco already have offices in the country.
Their teams have been part of many AAA games such as MLB the Game and The Last of Us for Playstation Malaysia, and Street Fighter 6, Cyberpunk 2077 and Armored Core 6 for Streamline Studios.
The 30 million ringgit is expected to be used for grants or incentives for big game developers and producers to open a local office as well as investing to employ local talents to work on internationally famous titles.
We can expect the full details of the budget allocation will be announced in a later date.