Galaxy Racer (GXR), founded in 2019 by Paul Roy, is the world’s largest esports, gaming and lifestyle organization, headquartered in Dubai, with over 100 content creators in South Asia -East, Middle East, North Africa, South Asia and Europe, with over 500 million subscribers and over 2.5 billion monthly views, signed a Memorandum of Understanding (MoU) at Expo 2020 Dubai, in the presence of Tan Sri Annuar Musa, Minister of Communications and Multimedia of Malaysia (KKMM) and Mahadhir Aziz, CEO of Malaysian Digital Economy Corporation (MDEC).
Galaxy Racer is one of the companies participating in Malaysia’s Digital Economy Week, which was launched on January 12, 2021 at Expo 2020 Dubai by Malaysia’s Minister of Communications and Multimedia, Tan Sri Annuar Musa.
Galaxy Racer has announced a planned investment of RM42 million ($10 million) in Malaysia over the next five years and plans to host more esports events and tournaments to facilitate and boost the ecosystem of country esports.
Galaxy Racer aims to boost women’s involvement in esports, adding that it hosted the “Girl Gamer Festival World Finals” in Dubai, which was the first and only esports festival to celebrate women’s competitiveness in video games, and “Her Galaxy”, the first women’s esports tournament in Pakistan.
Galaxy Racer will launch its Asia Pacific HQ (APAC HQ) in Malaysia in 2022 and seeks to position Malaysia as its digital hub in the region. The APAC headquarters will focus on six business areas: content, esports teams, content creators, esports and gaming events, merchandising, a music label and an upcoming animation studio. world-class visual effects (VFX), positioning Galaxy Racer as a global content powerhouse. and market leader in the digital content industry.
Galaxy Racer plans to be a catalyst by providing high-skilled jobs and the opportunity for Malaysians to work in an international esports, gaming and lifestyle organization, which will bring additional income to the country through its intellectual properties in the digital content industry.
Malaysia Digital Economy Corporation (MDEC) CEO Mahadhir Aziz said, “As part of our mission to drive the digital economy with high-impact initiatives, MDEC is committed to growing the esports industry. in Malaysia and working with industry leaders such as Galaxy Racer, I am sure we will be able to lift the industry to greater heights. Their investment in Malaysia will greatly contribute to the esports industry.
Galaxy Racer Group Founder and CEO Paul Roy said, “Galaxy Racer believes in MDEC’s vision for Malaysia to become a high value-added economy and a net exporter of local digital technology and solutions. We are delighted to establish our APAC headquarters in Malaysia and appreciate the support of MDEC and KKMM to facilitate foreign direct investment in Malaysia, with the
Application for MSC status, ease of doing business and industry grants related to games. We look forward to creating a positive impact in esports and the digital economy and improving the quality of the talent pool in Malaysia.
The digital economy is emerging as one of the major contributors to Malaysia’s Gross Domestic Product (GDP), accounting for up to 22.6% of the national economy. It is expected to contribute up to 25.5% by 2025, surpassing the country’s largest traditional contributor to GDP – oil and gas. Galaxy Racer believes that MDEC would also be the catalyst for the country’s fourth industrial revolution (IR 4.0).