Oracle's US$6.5 Billion Investment Signals Tech Momentum in Malaysia

Wednesday, 2 October 2024, 01:21

Oracle's US$6.5 billion investment highlights growing confidence among tech companies in Malaysia's potential as a hub for cloud infrastructure. This substantial commitment underscores the nation's role in the expanding regional AI ecosystem. Prime Minister Anwar Ibrahim emphasized the impact of this investment on Malaysia's economy and technology landscape.
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Oracle's US$6.5 Billion Investment Signals Tech Momentum in Malaysia

Oracle's Major Investment in Malaysia

Oracle is set to invest US$6.5 billion in Malaysia, showcasing its confidence in the nation's potential as a leading hub for cloud infrastructure. This significant investment marks the opening of Oracle's first public cloud center in Malaysia and is expected to bolster the growth of the regional artificial intelligence (AI) ecosystem. Prime Minister Anwar Ibrahim reinforced that this investment aligns with the Madani government's policies aimed at attracting global tech leaders.

Government Policies Attracting Investments

The Madani government has implemented clear policies and strategic cooperation that have effectively drawn investments from world-renowned tech companies. Anwar emphasized this clarity in policy-making as a critical factor in instilling investor confidence.

Impact on AI Ecosystem

  • This investment is projected to stimulate growth in the local technology sector.
  • It will potentially lead to job creation and skill development in digital technologies.
  • It strengthens Malaysia's position as a competitive player in the international tech landscape.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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