Bernama – Microsoft’s new investment underlines Malaysia’s attractiveness as a digital investment hub –

KUALA LUMPUR, May 2 (Bernama) — Microsoft Corporation’s continued investment in Malaysia as a leading digital investment destination boasts an attractive ecosystem for companies looking to establish operations in the region. It emphasizes the attractiveness of the country.

Sheikh Shamsul Ibrahim Sheikh Abdul Majid, CEO of Malaysian Investment Development Authority (MIDA), said this continued investment will help Malaysia emerge as a leading technology center and attract large technology companies. He said this confirms that there is a lot of interest.

“As digitalization increasingly reshapes the global economy, we welcome Microsoft’s announcement of new investments in Malaysia.

“We look forward to working with Microsoft to continue harnessing the transformative power of artificial intelligence (AI) to accelerate startup innovation, create jobs, and improve Malaysian society. It is now a pivotal, innovative technology that will impact us all,” he said in a statement.

Microsoft on Thursday announced a massive investment of US$2.2 billion (RM10.5 billion) in cloud and AI infrastructure over the next four years, in line with its ‘Bersama Malaysia’ initiative launched in 2021.

The initiative aims to elevate Malaysia as a premier digital hub and strengthen economic growth and inclusion through innovative technology.

Microsoft Chairman and CEO Satya Nadella reportedly expressed the company’s determination to support Malaysia’s AI transformation for the benefit of all Malaysians.

“We believe Microsoft’s cloud and AI infrastructure creates a ripple effect of opportunities that bridge the digital divide while helping businesses grow in the digital age.

“Malaysia has taken steps to master and leverage AI. By leveraging AI, this initiative promises to unlock new possibilities for innovation, economic growth and inclusion.” Sheikh Shamsul Ibrahim said.

He added that Malaysia’s strong commitment to digital infrastructure has laid a strong foundation for its digitalization journey.

Substantial digital investments of RM144.7 billion have been approved, including RM114.7 billion allocated for infrastructure from 2021 to 2023, confirming the country’s dedication.

“As the country develops, the rise of AI is poised to transform the entire digital ecosystem, from talent development to software applications and infrastructure enhancements, putting Malaysia at the forefront of innovation and progress. Guaranteed to continue.

“Based on the New Industry Master Plan 2030, which aims to address economic complexity and develop a digitally vibrant nation, MIDA, as Malaysia’s leading investment promotion agency, is committed to attracting future-oriented digital investments using cutting-edge technology. “We will continue our mission to foster our homegrown industry’s innovation,” he added.

— Bernama

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