Kuala Lumpur, 12th March 2024: Amidst rising speculations, year 2024 has brought key growth opportunities for data centers in Malaysia landscape. Considered to be the country’s second largest trading partner in the Middle East, United Arab Emirates will facilitate Malaysia in becoming ASEAN’s most preferred destination for digital infrastructure investments.
With potential projects forecasted to enable 500 megawatts of data center capacity, Malaysia’s Ministry of Investment, Trade and Industry (MITI) has signed an MoU with the Ministry of Investment of the United Arab Emirates (UAE) to project Malaysia as a regional hotbed for data centers.
Industry experts suggest that the soaring demands from Southeast Asian SMEs will significantly uplift the country’s status as a leading regional player in the digital economy. In that light, MITI’s Minster, Tengku Datuk Seri Zafrul Abdul Aziz earlier stated that Malaysia is poised to take home a substantial part of ASEAN’s digital economy which is estimated to cross $1 trillion by 2030.
Possessing quite a futuristic angle, the MoU is considered to be in complete sync with the Malaysian government’s New Industrial Master Plan (NIMP) 2030 which holds a special place for AI upgradation, wherein it’s needless to talk about its reliance on additional data center capacity.
Know where the industry is heading by becoming a part of Malaysia’s premier data center summit, DCCI 2024 – Malaysia, scheduled to happen on 14 – 15 May at Kuala Lumpur Convention Centre (KLCC).