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

Perodua set to produce 500 units of eMO-II monthly, aims for cheapest EV
Malaysian investors keeping close watch on South Korea's political uncertainty - analyst
Oil prices edge up on geopolitical tensions, Opec+ supply plans
Teleport projects record RM1bil revenue in 2024, achieving 50% growth
KLIA tops global airport rankings for service quality
KLCI rises for second day, glove stocks rally
Asia Digital Engineering eyes US market with FAA approval in sight - CEO Mahesh
China's services activity expansion eases in Nov, Caixin PMI shows
Australia's Q3 GDP growth disappoints hopes for a rebound
Ringgit remains lower against US$ on jitters over South Korean turmoil

Others Also Read