Malaysia partners with China to boost digital economy

When the pandemic hit, the Malaysian government launched various initiatives to help revive the economy and digital infrastructure

After Singapore, Malaysia is one of the most mature data centre markets in Southeast Asia, according to a study conducted by ResearchAndMarkets.com. Moreover, the country continues to improve its digital economy. In fact, the Ministry of International Trade and Industry took it upon themselves to provide solutions that will help Malaysia innovate and attract investors in the manufacturing industry.

There are about 23 colocation data centers operating in Malaysia and their development is almost exclusively based on Tier III standards. 

The proximity of Cyberjaya and Kuala Lumpur to end-users makes these two locations ideal for development in Malaysia.

Meanwhile, the Malaysia-China Digital Economy Forum 2022, a one-day event, recently presented an opportunity for participants, especially government officials, to engage with key players in digital technology from the two countries, reported Xinhua.

Ahmad Masrizal Muhammad, Deputy Minister of Higher Education, pointed out three domains with untapped economic potential — the digital economy, the fourth industrial revolution, and the adoption of sustainable development — and emphasis that these were essential in the bilateral trade between Malaysia and China.

More: Malaysia’s economy continues to expand; Chinese continue to invest

There is a strong bond between China and Malaysia in the digital economy that is well-rooted and well-developed. Chinese companies have established good relationships with Malaysian partners. 

Chinese Ambassador to Malaysia Ouyang Yujing noted that there are several joint projects and programmes being developed and operated in Malaysia. These include the cloud data center, e-commerce free trade zone, and artificial intelligence industrial park.

“I have full confidence that today’s forum will be a big push to further the China-Malaysia digital cooperation. It will help to figure out new ideas, forms, and models of cooperation, so as to explore new growth points and development paths in the long run,” Ouyang said.

When the pandemic hit, the Malaysian government launched various initiatives to help revive the economy and digital infrastructure. These efforts were not for naught as they helped the growth in cloud adoption by various industry verticals such as enterprises, government agencies, and education sectors.

The Property Report editors wrote this article. For more information, email: [email protected].