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Malay Mail
4 days ago
- Business
- Malay Mail
Malaysia's digital investment pipeline hits RM59.1b, boosting AI and tech growth, says minister
KUALA LUMPUR, May 28 — Malaysia has a digital investment pipeline of RM59.1 billion as of April 2025, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said that the projected information technology (IT) load for this pipeline exceeds 300 megawatts (MW). 'From 2021 to 2024, approved investments in data centres and cloud computing alone total RM113.8 billion, with 23 landmark projects proposing nearly 1,900 MW in IT load,' he said in his opening remarks at the Microsoft Artificial Intelligence (AI) Tour 2025, here today. Tengku Zafrul said the impact of Microsoft's investments, along with other strategic digital projects, has propelled Malaysia into the upper echelons of regional digital competitiveness. 'Malaysia's AI ecosystem is vibrant, we have over 140 local AI solution providers in the Malaysia Digital framework, delivering real-world applications in healthcare, agriculture, cities, and manufacturing. 'Our policy ecosystem also supports this momentum. The government has introduced the Digital Ecosystem Acceleration (Desac) incentive to attract high-quality, sustainable digital infrastructure,' he said. He noted that Microsoft's commitment is pivotal, as evidenced by initiatives such as Project Big Blue in Johor and Project Baby Blue in Cyberjaya, as well as the US$1 billion Bersama Malaysia Initiative and the recent US$2.2 billion GoSEA announcement (US$1=RM4.23). These are investments in Malaysia's future, people, and status as a regional AI and digital hub, said Tengku Zafrul. In 2024, Malaysia approved a record RM133.3 billion in new digital investments, bringing the total approved during the 2021-2024 period to RM278 billion across 23 major projects, anchored by advanced data centres and cloud infrastructure, creating nearly 88,000 new jobs and establishing Malaysia as a digital leader in Asean. 'Malaysia's digital economy is projected to contribute 25.5 per cent of gross domestic product (GDP) this year, with national GDP growth forecast between 4.5 per cent and 5.5 per cent. 'Our ambitions are tightly linked to our role as Asean chair in 2025, where we are championing the theme: 'Advancing for a Resilient, Inclusive, and Sustainable Asean,'' he added. — Bernama
Yahoo
20-03-2025
- Business
- Yahoo
Microsoft to Launch First Cloud Region in Malaysia, Projected to Generate $10.9 Billion in Revenue
With operations slated to start in the second quarter of 2025, Microsoft (MSFT, Financials) is about open its first cloud region in Malaysia. According to a research commissioned by Microsoft, the cloud facilityknown as the Malaysia West cloud regionis expected to provide 37,575 jobs and $10.9 billion in income for the nation by to the IDC "Microsoft Cloud Dividend Snapshot," information technology will account for around 5,700 of the overall new employment. Complying with local data residency rules, the Greater Kuala Lumpur facility will provide Malaysian companies access to Microsoft's cloud investment builds on Microsoft's past pledges to Malaysia, including a $2.2 billion promise made in May 2024 to hasten artificial intelligence and cloud computing growth in the from infrastructure, Microsoft is developing digital skill initiatives. Aiming at teaching 800,000 Malaysians in AI capabilities by the end of 2025, the corporation started the AI for Malaysia's Future project in December 2024. Inspired by the company's Bersama Malaysia program, which has given more than 1.53 million Malaysians digital skills training, this project aligns withHaving been in Malaysia for 33 years, Microsoft sees the cloud as essential in enabling the nation to become a center for artificial intelligence and cloud computing in Southeast Asia. The corporation has also positioned the effort as a chance for multinational companies to enter Malaysia wants to establish itself as a leader in artificial intelligence and cloud technology in the region, Microsoft's cloud development fits with the larger digital transformation objectives of the nation. This article first appeared on GuruFocus. Sign in to access your portfolio
