Malaysia Approved Over RM114.7 Billion Of Investments In Data Centre, Cloud Services

Malaysia has approved RM114.7 billion worth of investments in data centres and cloud services between 2021 and 2023, said Prime Minister Datuk Seri Anwar Ibrahim.

In a post on X (formerly Twitter), he said these investments have created 2,325 high-value new jobs in specialised fields, including data scientists, data analysts, data engineers, cybersecurity analysts, and network engineers.

The Madani government is committed to positioning Malaysia as a sustainable Artificial Intelligence (AI) Data Centre destination in Southeast Asia as part of its effort to strengthen the country’s position as a leading global investment destination.

Earlier today, Anwar chaired the 4th National Investment Council (NIC) meeting for the year.

He said the NIC had agreed with the Investment, Trade, and Industry Ministry (Miti) to enhance the current incentive framework for AI data centres via the Malaysian Investment Development Authority (Mida).

This includes a mechanism for using energy and water-efficient equipment, as well as collaboration with the Energy Transition and Natural Resources Ministry to provide sufficient renewable energy for AI data centres.

“During the meeting, I emphasised a whole-of-government approach in the ongoing efforts to encourage investment in AI-based data centre sectors, particularly in boosting economic benefits through digitalisation and increasing the economic complexity of various sectors in Malaysia.

“The framework will also include matching data centre players with local companies for the development of local vendors, especially small and medium enterprises, as well as fostering industry-academia collaborations to drive innovation in the development of energy-efficient equipment and software,” Anwar said.

Earlier today, Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz posted on X that the ministry, via Mida, will develop a special incentives framework for AI data centres.

Previous articleHektar REIT CEO Leaves Post After 2 Year
Next articleSingapore PM Arrives Scheduled To Meet PM Anwar


Please enter your comment!
Please enter your name here