Kuala Lumpur: Oracle plans to invest more than US$6.5 billion (RM27 billion) to open a public cloud region in Malaysia to meet the rapidly growing demand for its artificial intelligence (AI) and cloud services here.
Oracle said the upcoming cloud region will enable its customers and partners in Malaysia to leverage AI infrastructure and services and migrate mission-critical workloads to its cloud infrastructure.
"We warmly welcome Oracle’s US$6.5 billion investment in Malaysia, which represents yet another expansion of their 36-year footprint in Malaysia," investment, trade and industry minister Tengku Zafrul Aziz said in a statement.
This investment will empower Malaysian entities, especially small and medium-sized enterprises, with innovative and cutting-edge AI and cloud technologies to enhance their global competitiveness.
SPONSORED CONTENT The Logg Luyang Honored with Integrated Development Excellence Award at SHAREDA 2024 Kota Kinabalu: Kota Kinabalu, 30th September 2024 – The Logg, a premier development by K.T.I Sdn Bhd, a wholly owned subsidiary of KTI Landmark Berhad., has been awarded the prestigious Integrated Development Excellence Award at the 2024 SHAREDA (Sabah Housing and Real Estate Developers Association) event. Read more Tengku Zafrul said the investment is also a significant step towards realising the country’s New Industrial Master Plan’s ambitious vision of creating 3,000 smart factories by 2030.
He said Oracle’s decision to establish a public cloud region in Malaysia underscores the country’s infrastructure readiness and its growing position as a regional destination for digital investments.
Separately, Oracle’s executive vice-president and general manager for Japan and Asia Pacific, Garrett Ilg, said Malaysia offers unique growth opportunities for organisations looking to accelerate their expansion with the latest digital technologies.
"Our multi-billion dollar investment affirms our commitment to Malaysia as a regional gateway for cloud infrastructure as well as a comprehensive suite of software as a service (SaaS) applications deployed within Malaysia," he said.
Oracle’s vice-president of cloud, data centre and future digital infrastructure, Asia Pacific, Franco Chiam, said the upcoming Oracle cloud region in Malaysia is a sign of the country’s potential to become a hub for technological innovation and growth in Southeast Asia.
Oracle said the planned public cloud region will help organisations in Malaysia modernise their applications, migrate all types of workloads to the cloud, and innovate with data, analytics and AI.
* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
