Skip to main content

Google to Invest $2 Billion in Malaysia

 

 


Google has announced a $2 billion investment in Malaysia to establish its first data centre and cloud region in Southeast Asia.

“This investment is not just about infrastructure; it’s about unlocking new possibilities for businesses, educators, and every Malaysian,” stated Farhan S Qureshi, country director for Google Malaysia, in a blog post on Thursday.

The new data centre will support Google services such as Google Search and Google Maps and will facilitate the delivery of AI capabilities across Malaysia. The Google Cloud region will offer high-performance, low-latency cloud services to enterprises, startups, and public sector organisations, ensuring high security and compliance standards.

Malaysian Prime Minister Anwar Ibrahim highlighted that the investment is projected to contribute $3.2 billion to the country’s economy and create 26,500 jobs by 2030. “This investment underscores the Government’s strategic planning and Malaysia’s economic strength, making it an attractive destination for new and existing investors,” Anwar stated on X.

This move follows similar announcements by US tech giants in the region. Microsoft recently committed $2.2 billion to AI and cloud computing in Malaysia, while Amazon announced a $9 billion investment to expand cloud infrastructure in Singapore.

Southeast Asia, with its young, tech-savvy population of 670 million, is one of the fastest-growing regional economies. A report by global consulting firm Kearney estimates that AI could add nearly $1 trillion to Southeast Asia’s GDP by 2030.

Google’s investment is part of a broader trend of increased tech investment in the region, driven by its growing economic potential and digital transformation efforts.

Comments

Popular posts from this blog

Cryptomediads: Revolutionizing Crypto Advertising in Africa and Beyond

  In the rapidly evolving world of digital advertising, Cryptomediads emerges as a groundbreaking player, bridging the gap between advertisers and publishers within the crypto sphere. Established in 2024 and headquartered in Africa, this dynamic ad network is quickly gaining traction worldwide. Whether you're a crypto enthusiast or a traditional advertiser, Cryptomediads offers a versatile platform that caters to all your advertising needs. Unveiling Cryptomediads: A New Dawn for Advertisers Cryptomediads is designed to serve both crypto-related and non-crypto advertisers and publishers, offering unparalleled flexibility and innovation. Here’s a closer look at what makes this network a standout:   Key Features of Cryptomediads Flexible Pricing Models : Choose from Cost-Per-Click (CPC) or Cost-Per-Thousand-Impressions (CPM) pricing structures, allowing you to optimize your budget effectively. Advanced Targeting Options : Leverage geotargeting, device targeting, and comprehensi...

7 Best Crypto & Bitcoin Ad Networks for 2024

     Cryptocurrency advertising is crucial for attracting the right audience to your crypto-related projects. However, traditional advertising platforms like Google AdSense have banned crypto ads, and social media platforms such as Facebook and Twitter also restrict crypto advertisements. These limitations create challenges for advertisers and deprive publishers of a legitimate income source. Publishers who produce high-quality crypto content and generate significant traffic find their efforts unmonetized without advertisers. Conversely, advertisers miss the opportunity to reach a targeted audience that would engage with their ads. Crypto ad networks address this issue by providing a platform where crypto advertisers and publishers can benefit mutually. What Is a Crypto Ad Network? A crypto ad network is a platform that connects crypto publishers with crypto advertisers, allowing crypto projects and companies to promote their products and services on crypto-re...