Minister of Communications and Digital, Fahmi Fadzil, stated that Malaysia remains a preferred investment destination, especially for data centres.
The government is actively working on developing governance structures, public policies, and regulatory frameworks to support this sector, according to Bernama.
Fahmi also expresses the government’s commitment to engaging with businesses to create a robust and future-ready ecosystem, particularly as Malaysia will chair ASEAN in 2025.
He highlights the importance of accelerating the development of regulatory frameworks within ASEAN to ensure readiness for the digital economy.
Furthermore, Fahmi encourages conversations with Malaysia Digital Economy Corporation (MDEC) to facilitate and expedite investments, aligning with the country’s New Industrial Master Plan 2030 that prioritises the digital economy.
MDEC CEO Mahadhir Aziz affirms the organisation’s commitment to exploring various technologies, including 5G, blockchain, and AI, to strengthen the technological ecosystem and drive digital transformation in Malaysia.
According to The Malaysian Reserve, there are 41 enterprise data centres in the country from companies such as AIMS Data Centre Sdn Bhd, Bridge Data Centres (M) Sdn Bhd, GDS Services Ltd, Keppel Data Centres Holdings Pte Ltd and TM ONE/VADS Bhd.
Research and Markets predicts a robust growth of 72% in Malaysia’s data centre market from 2022, reaching USD2.25 billion (~RM10.5 billion) by 2028. This projection outpaces the anticipated 47% growth rate for the entire Southeast Asia region during the same period.
