KUALA LUMPUR: The Jakel Group is venturing into the data centre business by partnering PiDC Holdings Bhd via a 40% investment in Pi Data Centre Sdn Bhd (PiDC).
In a statement, the group said this strategic investment marks a pivotal milestone in Jakel Group's enterprising journey, enabling the company to rebalance its investment portfolio by incorporating digital infrastructure alongside its established interests in textile trading, wholesale, property development and leasing, plantations, healthcare, and military equipment.
The investment highlights the group’s dedication to advancing its technological infrastructure capabilities and expanding into high-potential markets.
PiDC, which has a development value of RM1.2bil, will be located on a prime 7.3-acre site in Cyberjaya.
According to the group, the state-of-the-art Tier III Data Centre will feature a total power capacity of 51 MW, combined with an energy-efficient and green design.
The project will be executed in three phases: Phase 1 is set to begin construction in 3Q 2024, with an anticipated completion date in the fourth quarter of 2025.
A large portion of Phase 1's capacity is already committed, indicating strong demand for data centres.
"This investment underscores our dedication to exploring new opportunities and expanding our expertise in dynamic markets.
"Additionally, the project aligns with broader national agendas such as MyDIGITAL.
"It will contribute to the development of robust digital infrastructure and facilitate the growth of the digital workforce, enhancing Malaysia's capabilities in digital innovation," said Jakel group managing director Datuk Seri Mohamad Faroz Mohamed Jakel.
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