Oracle's US$6.5b investment reflects tech companies' confidence - PM

Oracle’s investment decision reflects the confidence and commitment of global technology companies in Malaysia’s potential as a regional gateway for cloud infrastructure, thus supporting the growth of the regional artificial intelligence (AI) ecosystem, said Prime Minister Anwar Ibrahim.

Anwar, who is also finance minister, welcomed Oracle’s announcement today that it will open its first public cloud centre in Malaysia with an investment totalling US$6.5 billion (RM27 billion).

“The clarity of policies and strategic cooperation approach implemented by the Madani government has successfully attracted investment from the world’s leading technology companies such as Amazon Web Services, Microsoft, Google and most recently, Oracle.

“The entire project announced by these companies to date amounts to an estimated investment of US$16.9 billion,” he said on X today.

The prime minister added that the local workforce and companies should seize the best opportunities from these investments.

“In a series of discussions with investors, including the top management of these companies, I emphasised the importance of expanding long-term benefits to Malaysia, including the development of centres of excellence, AI faculty and the empowerment of community groups.

“I am confident that with the support of all parties, the goals and targets of Madani Economy will be achieved,” he said.

Earlier today, Oracle said the upcoming cloud region will enable its customers and partners in Malaysia to leverage AI infrastructure and services and migrate mission-critical workloads to Oracle Cloud Infrastructure (OCI).

It said that the planned public cloud region will help organisations in Malaysia modernise their applications, migrate all types of workloads to the cloud, and innovate with data, analytics, and AI.

- Bernama

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