DICT, MIC sign MOU for GIDA digital investments

The Department of Information and Communications Technology (DICT) and the Maharlika Investment Corporation (MIC) signed a memorandum of understanding on July 15 to boost digital infrastructure investments in geographically isolated and disadvantaged areas (GIDAs).

Under this partnership, MIC will invest in critical digital projects that generate long-term returns and drive inclusive growth in remote regions, aiming to enhance investor confidence and attract both local and foreign investments.

DICT Secretary Henry Aguda emphasized the importance of strategic partnerships for the growing digital economy, promising affordable internet access across the country as part of President Ferdinand R. Marcos Jr.'s commitment.

Rafael Consing Jr., president and CEO of MIC, noted that this MOU marks a vital step toward building the digital backbone of the nation with long-term intergenerational impact.

The collaboration aims to foster new economic activities, innovation hubs, and service industries in remote areas, contributing to balanced regional development and reduced socio-economic disparities.