ORACLE plans to invest more than US$6.5 billion (RM27 billion) to set up its first public cloud region in Malaysia, the company said on Wednesday.
According to reports, this is the latest major investment by a global tech firm to meet the rapidly growing demand for its artificial intelligence (AI) and cloud services here.
The upcoming cloud region will enable Oracle's customers and partners in Malaysia to leverage AI infrastructure and services and migrate mission-critical workloads to Oracle Cloud Infrastructure (OCI).
A cloud region is the physical, geographic location where a company's public cloud facilities are located.
Oracle's venture is set to be one of the largest single tech investments so far, outpacing the US$6.2 billion planned spending by Amazon's cloud unit AWS announced last year.
Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz had earlier said the investment is a significant step towards realising the country’s New Industrial Master Plan’s ambitious vision of creating 3,000 smart factories by 2030.
“Oracle’s decision to establish a public cloud region in Malaysia underscores Malaysia’s infrastructure readiness and its growing position as a premier Southeast Asian destination for digital investments,” he added.
The cloud region in Malaysia would be Oracle's third in Southeast Asia, after its two existing facilities in Singapore. According to its website, it currently has 50 public cloud regions across 24 countries. - October 2, 2024
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