Nasdaq-listed Equinix to open data centre in KL in first quarter of next year - MIDA | Malaysian Investment Development Authority
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Nasdaq-listed Equinix to open data centre in KL in first quarter of next year

Nasdaq-listed Equinix to open data centre in KL in first quarter of next year

12 Jun 2023

Nasdaq-listed digital infrastructure company Equinix Inc plans to open a data centre in Kuala Lumpur in the first quarter of next year, following its announcement last year to enter Malaysia with a data centre in Johor.

Its president for Asia-Pacific, Jeremy Deutsch, said the company has witnessed Malaysia emerge as an increasingly strategic location for global digital infrastructure.

“By expanding Platform Equinix in the two most strategic metros in Malaysia, we will enable Malaysian businesses and multinationals with a presence in Malaysia to leverage a trusted platform to bring together and interconnect the foundational infrastructure to power their success.

“We believe the two data centres will fuel Equinix’s existing data centre momentum and support Malaysia’s aspirations as a digitally driven connectivity hub,” he said in a statement.

Spurred by strong cloud growth, e-commerce adoption, and its continued investment in 5G, the company believes that Malaysia is one of the fastest-growing data centre markets in the ASEAN region, with much of the development attributed to Johor and Kuala Lumpur.

Equinix said its expansion is expected to provide greater digital infrastructure capacity in Malaysia to address rising demand from local and global companies expanding in the country.

“As Malaysia enters phase two of its MyDIGITAL blueprint for a digital economy, demand for digital infrastructure is expected to remain robust.

“According to Synergy Research, Malaysia is already the third-largest data centre co-location market in the Asean region and is forecast to have a compound annual growth rate of approximately 11 per cent from 2022 to 2027.

“With extensive global experience in supporting 5G development, Equinix’s new facility aims to accelerate the digital vision laid out in the government’s MyDIGITAL blueprint to establish Malaysia as a hub for colocation in ASEAN and a regional digital economic powerhouse,” it said. 

Source: Bernama