Google's $2.0 Billion Investment in Malaysia

Web DeskMay 30, 2024 04:01 PMbusiness
  • Google to establish first data centre and cloud region in Malaysia
  • 26,500 job opportunities to be created across various sectors
  • Microsoft also planning significant investment in artificial intelligence and cloud computing
Google's $2.0 Billion Investment in MalaysiaImage Credits: Yahoo Finance
Google's recent $2.0 billion investment in Malaysia to establish a data centre and cloud region, creating job opportunities and fostering digital growth in the country. Microsoft also plans a significant investment in artificial intelligence and cloud computing.

Google has recently announced a significant investment of $2.0 billion in Malaysia to establish its first data centre and cloud region in the country. This move is part of Google's commitment to invest 9.4 billion Ringgit in Malaysia, creating 26,500 job opportunities across sectors like healthcare, education, and finance.

Ruth Porat, the president and chief investment officer of Google and Alphabet, expressed pride in the decision to invest in Malaysia, a country that Google has called home for the past 13 years. This investment aligns with Malaysia's 'Cloud First Policy' and will incorporate top-notch cybersecurity standards to support the country's digital transformation.

The investment by Google follows a similar commitment by Microsoft, with the US tech giant planning to invest $2.2 billion in artificial intelligence and cloud computing in Malaysia. These developments highlight the growing interest of major tech companies in Malaysia's potential as a hub for digital innovation and infrastructure.

Google's investment in Malaysia marks a significant milestone in the country's digital landscape. With the establishment of a data centre and cloud region, Malaysia is poised to attract more tech investments and foster digital growth. This move not only creates job opportunities but also paves the way for enhanced cybersecurity measures and technological advancements in the region.

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