MIDA Applauds Microsoft’s Establishment of Cutting-Edge Cloud and AI Infrastructure, Propelling Malaysia Ahead of The Curve in Digital Transformation
Kuala Lumpur, 2 May 2024 – In a powerful move to bridge digital divides and ignite a wave of growth in Malaysia, Microsoft has announced a major investment in cloud and AI infrastructure with an investment of US$2.2 billion over the next 4 years. This initiative, part of the ongoing Bersama Malaysia commitment since 2021, is set to transform Malaysia into a leading digital hub, starkly enhancing economic growth and inclusivity through innovative technology.
The Malaysian Investment Development Authority (MIDA) praised this investment as a promising development that distinguishes Malaysia as a top destination for digital investment. Malaysia has been taking steps to master and make good use of AI. By leveraging AI, this initiative promises to unlock new possibilities for innovation, economic growth and inclusivity.
The timely announcement was made by Mr. Satya Nadella, Chairman and Chief Executive Officer (CEO) of Microsoft, in conjunction with the AI National Leadership Forum. It also supports MIDA’s commitment to diversity and inclusion in the digital realm, promoting a sense of belonging, a.k.a. inclusivity, across all demographics.
MIDA CEO, Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid stated, “Malaysia is poised to establish itself as a leading digital hub, attracting major tech enterprises. As digitalisation increasingly redefines global economies, we welcome Microsoft’s announcement of new investment in Malaysia and we look forward to continue to work with Microsoft, a world leader in the digital field, to foster innovation in start-ups, create jobs and harness the transformative power of AI for the betterment of Malaysia’s society. AI now stands as a pivotal game-changing technology that impacts us all.”
“Microsoft’s decision to continue investing in Malaysia highlights Malaysia’s attractiveness as a preferred digital investment destination that offers a compelling ecosystem for companies seeking to establish its operation in the region. We believe that Microsoft’s cloud and AI infrastructure will create a ripple effect of opportunities that bridge the digital divide while empowering businesses to thrive in the digital age,” he added.
“We are committed to supporting Malaysia’s AI transformation and ensure it benefits all Malaysians,” said Satya Nadella, Chairman and CEO of Microsoft. “Our investments in digital infrastructure and skilling will help Malaysian businesses, communities, and developers apply the latest technology to drive inclusive economic growth and innovation across the country.”
Recognising the transformative potential of technologies such as cloud and AI to remain competitive in the global landscape, Malaysia encourages businesses of all sizes, such as startups and local micro, small and medium enterprises (MSMEs) to adopt and utilise cloud and AI. Cloud-based AI services empower startups and MSMEs to integrate advanced capabilities such as machine learning, natural language processing, and predictive analytics into their products and services, driving differentiation and market competitiveness. This aligns with the MADANI Economy Framework that encourages innovation and inclusivity to strengthen Malaysia’s economy, particularly in technology and productivity. The furore surrounding these advancements underscores their significant impact and the urgent need to embrace these technologies.
Malaysia’s steadfast commitment to robust digital infrastructure has solidified the foundation for the nation’s digitalisation journey. The significant RM144.7 billion in digital investments approved from 2021 to 2023, with RM114.7 billion directed towards infrastructure, underscores this effort. As the country advances, the rise of artificial intelligence is poised to drive transformative changes across our digital ecosystem—from talent development to software applications and infrastructural enhancements, ensuring Malaysia remains at the forefront of innovation and progress.
Moving forward, guided by the New Industrial Master Plan 2030 that aims to develop economic complexity and a digitally vibrant nation, MIDA, as Malaysia’s principal investment promotion agency, will continue its mission to attract future driven digital investments enriched with cutting-edge technology to nurture homegrown innovation.
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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.
For more information, please contact:
MIDA
Ms. Noorzita Mohamad Nor
Director, Business Services and Regional Operations Division
+603-2267 3515 | [email protected]
