Oracle Corporation announced plans today to invest over $6.5 billion to establish a public cloud region in Malaysia, aiming to boost the country's digital economy and drive AI innovation.
The investment will bring Oracle's advanced AI infrastructure and cloud services to Malaysian organisations, allowing them to leverage cutting-edge technologies within their borders. The new cloud region will offer more than 150 infrastructure and Software as a Service (SaaS) solutions, including Oracle's powerful AI and data analytics tools.
YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Malaysia's Minister of Investment, Trade and Industry, welcomed the investment, stating, "This investment will empower Malaysian entities, especially small and medium-sized enterprises, with innovative and cutting-edge AI and cloud technologies to enhance their global competitiveness."
The cloud region is expected to play a crucial role in realising Malaysia's New Industrial Master Plan, which aims to create 3,000 smart factories by 2030. It will enable organisations to modernise applications, migrate workloads to the cloud, and innovate with data and AI.
Garrett Ilg, Executive Vice President and General Manager for Japan & Asia Pacific at Oracle, emphasised the company's commitment to Malaysia, stating, "Our multi-billion dollar investment affirms our commitment to Malaysia as a regional gateway for cloud infrastructure as well as a comprehensive suite of SaaS applications deployed within Malaysia."
The investment aligns with Malaysia's growing potential in the tech sector. According to IDC, the country's public cloud services market is projected to grow by 27.2 percent CAGR from 2022 to 2027.
Oracle's cloud region will also address data sovereignty concerns, allowing customers to store data and run applications within Malaysia's borders while complying with local regulations.