As the world leans more on artificial intelligence (AI) and data, tech companies are scrambling to build the infrastructure needed to keep things running smoothly.
Traditionally, places like Northern Virginia in the U.S. were the go-to locations for data centres, but with demand skyrocketing, companies are now looking for new places to expand—and Malaysia is stepping into the spotlight.
M’sia has RM2.94 trillion ‘treasure trove’ in tech investments
According to CNBC Indonesia, Malaysia is now seen as a “treasure trove” for the tech world, successfully attracting huge investments from some of the biggest tech companies.
In fact, Malaysia’s role in the tech industry is expected to grow significantly, with reports predicting that the sector could be worth a massive USD 622.4 billion (RM2.94 trillion) by 2030.
So, who’s investing? ByteDance, the parent company of TikTok, has committed about RM10 billion to build data centers in Malaysia.
Google has also jumped in with USD 2 billion (RM8 billion), while Microsoft has bought 49 hectares of land in Johor to build a USD 2.2 billion (RM9.4 billion) facility.
Not to be left out, Oracle announced a whopping USD 6.5 billion (RM28 billion) investment.
Why Malaysia? One big reason is its proximity to Singapore, a tech hub in Southeast Asia.
Malaysia offers cheaper operational costs while still being close to one of the region’s tech powerhouses.
Companies also see Malaysia as a prime location to handle the increasing demand for AI and cloud computing globally. Rangu Salgame, CEO of Princeton Digital Group, said their new data centre in Johor will serve not only local needs but also the rising global demand for AI services.
This tech boom in Malaysia isn’t just benefiting foreign companies. It’s opening up massive opportunities for local startups and the country’s talent pool.
As more and more global companies invest in Malaysia, there’s a growing focus on innovation and future technology, creating new jobs and collaboration opportunities.
