Malaysia’s target to achieve revenue of RM3.6 billion by 2025 in the data centre industry is on track, going by the positive signals from industry players. According to deputy communications minister Teo Nie Ching, more people from the industry are coming in for digital economy investment and are also looking to expand their operations in the country.
“Some of them have met me, like GDS IDC Services (M) Sdn Bhd, and they said they are going [to] double their investment in Malaysia,” she told reporters after attending the CloudTech and Data Centre Conference 2024 yesterday. “Therefore, I believe that we are now on the right track, with the positive factors and the signals that we are receiving.”
By creating an ecosystem for data centres and cloud services, Teo said this could potentially increase the number of industry suppliers in the country and allow for the creation of more high-value jobs for Malaysians as well. At the same time, this could ensure that Malaysia becomes a leader in Asean’s digital economy, she added.
In her keynote address, Teo said Malaysia approved RM114.7 billion worth of investments in data centres and cloud services from 2021 to 2023, creating over 2,325 high-value job opportunities in specialised fields. Furthermore, RM76 billion worth of data centre-related investments were approved by the Investment, Trade and Industry Ministry via the Malaysian Investment Development Authority from 2021 to March 2024. She also named Google, Amazon Web Services, ByteDance Systems, Bridge Data Centres, GDS ICD, and YTL Data Centre as the country’s biggest investors in this segment.
(Source: Bernama)
