Malaysia approved RM114.7bil investments in data centres, cloud services from 2021 to 2023

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Malaysia approved RM114.7bil investments in data centres, cloud services from 2021 to 2023
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KUALA LUMPUR: Malaysia has approved RM114.7bil worth of investments in data centre s and cloud services between 2021 and 2023, said Prime Minister Datuk Seri Anwar Ibrahim.

He said that the Madani Government is committed to positioning Malaysia as a sustainable Artificial Intelligence Data Centre destination in Southeast Asia, as part of its effort to strengthen the country’s position as a leading global investment destination. He said the NIC had agreed with the Ministry of Investment, Trade, and Industry to enhance the current incentive framework for AI data centres via the Malaysian Investment Development Authority .

"During the meeting, I had 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.

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