Malaysia passes data center investment, cloud services of RM114.7 billion between 2021-2023

Malaysia passes data center investment, cloud services of RM114.7 billion between 2021-2023

KUALA LUMPUR: Malaysia has approved investments in data centers and cloud services amounting to RM114.7 billion for the period 2021–2023, said Prime Minister Datuk Seri Anwar Ibrahim.

Through a posting on the X page (formerly known as Twitter), he said the investment provides 2,325 high-value new job opportunities in specialized fields such as data scientists, data analysts, data engineers, cyber security analysts and network engineers.

Therefore, Anwar, who is also the Minister of Finance, said the MADANI Government is committed to driving Malaysia as a Sustainable Artificial Intelligence (AI) Data Center destination in the Southeast Asian region as one of the efforts to strengthen the country’s position as a major investment destination in the world.

Anwar, who previously chaired the National Investment Council (MPN) Meeting Number 4 of 2024, said today that MPN agreed that the Ministry of Investment, Trade and Industry (MITI) through the Malaysian Investment Development Board (MIDA) improve the current incentive framework for AI data centers.
The incentives include using energy- and water-efficient equipment as well as working with the Ministry of Energy Transition and Water Transformation (PETRA) to provide sufficient renewable energy for the use of AI data centers, he said.
“In the meeting, I emphasized the government’s overall approach in continuous efforts to encourage investment in the AI-based data center sector. This is mainly to increase economic spillover through digitization as well as the economic complexity of various sectors in Malaysia.

“The framework will also include matching data center players with local companies for the purpose of developing local vendors, especially small and medium enterprises (SMEs), as well as collaboration between industry and academia to foster innovation in the development of energy-efficient equipment and software,” said the Prime Minister.

Earlier on Tuesday, Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Abdul Aziz, also through a post on the X page, said that MITI, through MIDA, will form a special incentive framework for AI data centers.

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