Johor economy set for boost with RM1bil data centre investment

Johor economy set for boost with RM1bil data centre investment

28 Oct 2024

Johor’s economy is expected to experience a boost following GDS Holdings’ announcement of a RM1 billion investment and 5,000 potential job openings.

This was after it signed a memorandum of understanding (MoU) with five notable companies from China and Japan during the GDS Data Centre Supply Chain Ecosystem Summit in Johor Baru.

Johor Menteri Besar Datuk Onn Hafiz Ghazi, in a post on his Facebook page, said he attended the GDS Data Centre Supply Chain Ecosystem Summit and witnessed the signing ceremony himself.

“I am pleased to learn that through GDS’s supply chain, more than 5,000 new job opportunities — both direct and indirect — will be created for the people of Johor and Malaysia, with total investments reaching up to RM1 billion,” he said.

Onn Hafiz said he hoped the collaboration among the state government, federal government, and industries in Johor will continue to strengthen, supporting the state’s economic development and ultimately benefiting the people of Johor as a whole.

The companies which signed MoUs with GDS were EPG Data Center Module, Longmotive, CoolTech Solution, Wasion Energy, and Morimatsu Dialog.

These partnerships signify GDS’ commitment to establishing its supply chain in Johor.

GDS Holdings, a leader in the data centre industry, has already invested RM14.33 billion in local tech parks, Nusajaya and Kempas, generating over 300 jobs predominantly for Malaysians.

The new partnerships are expected to significantly expand this impact, providing ample employment opportunities and fostering economic growth in the region.

Source: NST