China-based GDS Holdings set to expand business in Johor

JOHOR BAHRU: 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 has invested RM14.33 billion in Johor with the opening of two data centres in Nusajaya Tech Park and Kempas Tech Park.

"I’m happy when GDS Holdings stated its readiness to expand its business in Johor and is confident Johor is capable of becoming a competitive artificial intelligence (AI) 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 state government’s delegation held a meeting with GDS Holdings and has gained valuable insights about the company’s business framework.

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

He added that as a global giant company, GDS Holdings now has 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 (JS-SEZ), 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. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil settles up on Mideast tensions, posts weekly loss
Will EVs take off in Malaysia?
MAS keeps currency policy unchanged to fight elevated inflation
Adnoc decides BP is not the ‘right fit’
Vietnam VinFast’s challenges pose risk to Vingroup
Right time to tap into alternative investments
Singapore economy expands 2.7% in 1Q
Unlocking success
Traders bet ECB will chart own rate-cut path
Nextgreen IOI Pulp in production facility deal

Others Also Read