At the forefront of Malaysia's growing games industry

The launch of Virtuos Kuala Lumpur will be a significant addition to Malaysia's fast-developing video games sector. In collaboration with the Malaysian government, Virtuos will focus on further expansion and the training of new talent.

Datuk Arham Abdul Rahman, CEO of MIDA, said, "The exponential growth of the global gaming industry has been remarkable as this industry presents many opportunities and a huge potential for growth. The establishment of a Virtuos studio in Malaysia is in line with our efforts to attract creative quality investments, which contribute to a rich and diverse digital media sector and create high-value job opportunities, allowing many young talent to pursue their passion for gaming by making a global impact with fun, creative and original IP conceptualized and developed in Malaysia".

He added, "With the global gaming revenue projected to reach USD219.90 billion in 2022, continuous technological advancements in the gaming industry are significantly leveling up the way games are created and improving the overall gaming experience for the users. MIDA will continue to play an active role in promoting the gaming industry which will contribute to a sustainable digital ecosystem and position Malaysia atop the list of digital nations. We want to assure companies such as Virtuos that Malaysia can be your home, and we stand ready to support the growth of this industry."

Mahadhir Aziz, CEO of MDEC, said, "MDEC would like to congratulate Virtuos on their expansion to Malaysia. As a globally-renowned video game development company, their presence is evidence of the nation's vibrant creative digital content ecosystem, and further proof of our role as the regional hub of choice. Virtuos' commitment towards developing digital talent and creating high-value job opportunities is aligned to the goals of Malaysia Digital. MDEC is looking forward to collaborating closely with Virtuos in supporting their future endeavours".

Gilles Langourieux, CEO of Virtuos, said, "With the launch of Virtuos Kuala Lumpur, we are excited to contribute to Malaysia's digitalization and growth as a regional game development hub. We have ambitions to grow our local headcount to 300 by the end of 2025, and become one of Malaysia's top studios that deliver full-cycle game development expertise and quality projects for our partners worldwide."

Strategically located between Virtuos' Singapore headquarters and its largest Asian studios in China and Vietnam, Kuala Lumpur is a natural expansion for Virtuos worldwide. The expansion also builds upon Virtuos' launches in Lyon and Montreal, as well as its acquisitions of Glass Egg in Ho Chi Minh City and Volmi in Ukraine this year.

Hashtag: #Virtuos #MIDA #MDEC #MYMDEC #HeartofDigitalASEAN #SayaDigital

The issuer is solely responsible for the content of this announcement.

References

1. ^{^} Media OutReach (www.media-outreach.com)
2. ^{^} Virtuos (www.virtuosgames.com)