Mohamed Hassan Alsuwaidi
Malaysia and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) to strengthen investment cooperation in the digital infrastructure sector.
The agreement focuses on developing data centres in Malaysia with a capacity of 500 megawatts. This collaboration aims to enhance bilateral economic ties and exchange knowledge between both countries.
Malaysia’s robust digital infrastructure and supportive government measures make it an attractive destination for data centre investments.
Additionally, the MoU reflects Malaysia’s commitment to advancing artificial intelligence (AI) in line with its New Industrial Master Plan (NIMP) 2030. The partnership underscores the growing trade relations between Malaysia and the UAE.
His Excellency Mohamed Hassan Alsuwaidi, Minister of Investment, the UAE, commented, “This collaboration not only enhances the existing bilateral ties between our nations but also seeks to harness Malaysia’s extensive potential as a top choice for data centre locations in the Asia-Pacific region.
“Being an emerging data hub in Southeast Asia, the arrangement aims to reinforce the nation’s digital infrastructure and accelerate the expansion of its internet economy, aligning with shared priorities and interests.”
Physical crude premiums and freight costs squeeze refiners, exposing futures market lag and worsening Europe’s…
A new strategic brief highlights Malaysia's opportunity to secure vital trade partnerships with the UAE…
Tech giants push space data centers as AI solution, but critics warn of massive costs,…
Malaysia Aviation Group plans to use Khazanah Nasional funds to expand its aircraft fleet by…
In February, the US trade deficit grew to USD57.3 billion, less than expected, with increases…
Public Investment Bank values MTT Shipping and Logistics Berhad at RM1.23, citing a 10x PER…
This website uses cookies.