KUALA LUMPUR: The Ministry of Investment, Trade and Industry (MITI) of Malaysia and the Ministry of Investment of the United Arab Emirates (UAE) have strengthened their commitment on advancing investment cooperation in the digital infrastructure sector.
MITI said both parties have signed a memorandum of understanding (MoU) today, marking a strategic partnership on the development of data centres in Malaysia, with potential projects anticipated to achieve a total capacity of 500 megawatts.
The MoU was signed by Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz and Minister of Investment for the UAE, Mohamed Hassan Alsuwaidi.
MITI said in a statement today that the MoU represents a strong commitment towards robust collaboration on the exchange of knowledge and expertise in the digital infrastructure sector between Malaysia and the UAE, which is also aimed at fostering greater bilateral economic and investment relationships between the public and private sectors of both countries.
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