China-based GDS set to expand business in Johor, says MB - MIDA | Malaysian Investment Development Authority
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China-based GDS set to expand business in Johor, says MB

China-based GDS set to expand business in Johor, says MB

04 Mar 2024

China-based information technology company GDS Holdings Ltd is set to expand its business in Johor.

Johor Menteri Besar Datuk Onn Hafiz Ghazi said GDS Holdings, which is a leading data centre operator, had invested RM14.33 billion in the state, with the opening of two data centres in the Nusajaya Tech Park and Kempas Tech Park.

“I’m happy that GDS Holdings has stated its readiness to expand its business in Johor, and is confident Johor is capable of becoming a competitive artificial intelligence hub,” he said in a post on Facebook on Sunday.

Onn Hafiz, who is currently on a working visit to the Shenzhen Special Economic Zone, China, from March 2-7, said the Johor government’s delegation held a meeting with GDS Holdings, and gained valuable insights into the company’s business framework.

“I’m amazed to [be able to] learn about their vision and business model in developing data centres, which have successfully contributed to making China a smart nation and digital economy powerhouse,” he said.

He added that as a global giant company, GDS Holdings had more than 100 data centre projects across Asia, and is ranked ninth out of the top 250 data centre companies in the world in 2024.

“With the establishment of the Johor-Singapore Special Economic Zone, I am confident that Johor can attract more investors to the state and create high-impact investment packages, besides emulating Shenzhen as a leading global investment hub,” he added.

Source: Bernama