DigitalBridge will be investing in data centers, telecommunication towers and fiber-optic networks as part of the over RM4 billion investment expected in Malaysia, according to local reports.
Prime Minister of Malaysia Datuk Seri Anwar Ibrahim mentioned that he was visited by the DigitalBridge delegation recently. DigitalBridge is a US-based digital infrastructure company.
Analysts anticipate that Malaysia will become a major Asian hub for data centers, with supportive pro-business policies to attract and retain data center investors.
The Prime Minister is focused on advancing the use of digital technology in Malaysia, which is encouraging for the local data center sector, based on RHB Investment Bank Bhd’s report.
Knight Frank recently released a report showing Malaysia on top as the most desired destination for data center investment.
The emergence of cloud service providers opening dedicated cloud regions further spurred the rapid expansion by data center operators in Malaysia. Most recently in Malaysia, Amazon’s cloud computing unit announced that it will be investing $6 billion over the next 14 years. In 2021, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, was appointed as a cloud service provider (CSP) for the Malaysian government.