KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV), the nation’s technology financier, has disbursed RM12.17bil for 964 projects and 826 technology companies in the country to date.

       In a statement yesterday, it said 87.2% of its financing portfolio are small and medium enterprises.

       “Through MDV’s financing, about 5,900 3G/4G projects had been constructed, contributing RM21bil in revenue and supporting 25,000 employment opportunities,” it said.

       It added that it had financed more than 100 green-technology related companies amounting to RM1.34bil through its green technology financing programmes.

       Chairman Khairul Azwan Harun said, as a key financier for the technology fraternity, MDV looks forward to complementing the RM30bil allocation from the government and government-linked companies for renewable energy, supply chain modernisation and automation, as well as 5G infrastructure investments, through the company’s financing facilities.“

       Given MDV’s acknowledged expertise on funding its mandated sectors, such as renewable energy and telecommunications based on our 20-year track record in financing technology projects and companies, we are confident of our ability to add some measure of impetus in achieving the goals set in Budget 2022,” he said.

       MDV is a wholly-owned subsidiary of the Minister of Finance (Incorporated) established in 2002 with the objective of providing flexible and innovative financing to develop high-impact and technology-driven sectors of the economy, identified and prioritised by the government as future engines of growth. — Bernama