Microsoft to invest 1 billion USD in Malaysia in next five years
US tech giant Microsoft Corporation will invest 1 billion USD over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, Malaysian Prime Minister Muhyiddin Yassin said on April 19.
Hanoi (VNA) – US tech giant MicrosoftCorporation will invest 1 billion USD over the next five years in Malaysia aspart of a new partnership programme with government agencies and localcompanies, Malaysian Prime Minister Muhyiddin Yassin said on April 19.
The announcement comes after the country in February gaveconditional approvals for Microsoft, Google, Amazon and state telecoms firmTelekom Malaysia to build and manage hyper-scale data centres and provide cloudservices.
As part of the Bersama Malaysia initiative, Microsoftwill establish its first "datacentre region,” which consists of multipledata centres, in Malaysia to manage data from various countries, Yassin told anevent marking the launch of the programme.
The investments from these cloud service providers will total12 – 15 billion ringgit (2.91 – 3.64 billion USD) over the next five years.
"The upcoming datacentre region will be agame-changer for Malaysia," Microsoft Executive Vice PresidentJean-Philippe Courtois said in a statement, adding it will enable thegovernment and businesses to "transform" their operations.
Under the programme, Microsoft will also assist up to amillion Malaysians in getting digital skills by the end of 2023.
Malaysia has defended itself as an investmentdestination, with the finance minister recently saying it was looking at incentivesto help attract more FDI after the country saw FDI plunge by 68 percent lastyear, the biggest decline in Southeast Asia./.
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Illustrative photo. (Source: AFP/VNA)
