Googles US$2 billion (RM9.4 billion) investment commitment in Malaysia

Google’s US billion (RM9.4 billion) investment commitment in Malaysia is a significant development that will play a crucial role in the country’s digital transformation. According to Datuk Seri Anwar Ibrahim, the Prime Minister of Malaysia, this investment will support the government’s agenda to expedite and smoothen the country’s transition into the digital age¹.

1. Investment Details:

   • Google plans to establish a data center and a Google Cloud region in Malaysia.
   • The investment commitment amounts to US billion (RM9.4 billion).
   • The data center will be located in Sime Darby Property’s Elmina Business Park in Greater Kuala Lumpur.

2. Economic Impact:

   • The investment is expected to create more than 26,000 job opportunities in Malaysia.
   • It will have a multiplier effect on the economy, estimated to be around US.2 billion (RM15.04 billion) by 2030.
   • This move demonstrates Malaysia’s attractiveness to existing and new investors, showcasing the country’s resources and economic strength.

3. Strategic Cooperation:

   • During a virtual meeting with Google’s senior management, Anwar emphasized the importance of strategic cooperation beyond artificial intelligence.
   • Areas such as education, healthcare, and agriculture were highlighted to ensure that Malaysia benefits from the latest technology-based approaches.

4. Digital Technology Leadership:

   • Malaysia is positioning itself as a key player in the use of digital technology and a support service provider.
   • Google’s investment reinforces this position and contributes to the country’s digital transformation.

This development is exciting for Malaysia’s tech ecosystem and underscores the country’s commitment to embracing digital innovation. 

source: https://www.thestar.com.my/business/business-news/2024/05/30/google-commits-rm94bil-for-google-data-centre-and-cloud-region-in-malaysia