MITI and the Ministry of Investment of the United Arab Emirates (UAE) have inked MOU on the potential increase in investment cooperation in the digital infrastructure sector especially on the development of data centres in Malaysia. With the parties looking at potential projects anticipated to achieve a total capacity of 500 megawatts.
Malaysia has emerged as a preferred destination for data centres in the Southeast Asia region, thanks to its robust digital and physical infrastructure, rule of law, as well as compelling government-backed measures and initiatives on data centre
investment. The increasing demand from regional SMEs will provide the impetus for Malaysia’s growing status as a significant regional player in digital economy.
Datuk Seri Utama Tengku Zafrul Aziz, Minister of Investment, Trade, and Industry, Malaysia, said, “Malaysia’s digital infrastructure collaboration with the UAE, with a focus on data centres, will certainly help strengthen our position as a preferred destination for digital investments. By being a regional data centre hub, Malaysia is well-positioned to capture a significant portion of ASEAN’s digital economy, forecast to reach USD1 trillion by 2030. MITI and its agencies are determined to speed up the implementation of all committed investments so that investors, businesses and out people can quickly reap the benefits of a more robust, thriving digital economy within Malaysia and ASEAN.“
His Excellency Mohamed Hassan Alsuwaidi, Minister of Investment, the UAE, commented, “This collaboration not only enhances the existing bilateral ties between our nations but also seeks to harness Malaysia’s extensive potential as a top choice for data centre locations in the Asia-Pacific region. Being an emerging data hub in Southeast Asia, the arrangement aims to reinforce the nation’s digital infrastructure and accelerate the expansion of its internet economy, aligning with shared priorities and interests.”
Currently, the UAE is Malaysia’s second-largest trading partner in the Middle East, and Malaysia is a key player in UAE’s exports and re-exports in the ASEAN region.
