Malaysia's data centre industry is booming, with investment tripling in 2024.
In the first ten months of last year alone, data centre companies invested 141.7
billion Malaysian ringgit ($31.5 billion), up from 46.2 billion ringgit ($10.3 billion) in 2023,
real estate consultancy Knight Frank found. Most of this came from tech giants: $4.3 billion
from Nvidia, $2.2billion from Microsoft, $2.1billion from Tiktok, $2billion from Google
and $6billion from AWS by 2038.
Malaysia via is the largest data centre player in Southeast Asia with 429MW of capacity,
well ahead of Indonesia, the second largest with 93MW.
The driving factor behind this flood of investment is the huge amount of money pouring
into AI. The ASEAN region with a population of 700 million and fast-growing digital services
is also attributed to the Malaysian government's efforts to boost its digital economy.