Miti to develop special incentives for AI data centres, says Zafrul

TheEdge Tue, Jun 11, 2024 02:40pm - 1 week View Original


KUALA LUMPUR (June 11): The Ministry of Investment, Trade and Industry (Miti) will develop special incentives for artificial intelligence (AI) data centres, said its minister Tengku Datuk Seri Zafrul Abdul Aziz.

He said that AI data centres have a significant and positive economic spillover effect.

"Investment in advanced technology infrastructure and AI data centres can support the Madani government's commitment to accelerate the nation's digital transformation agenda across all sectors, while also facilitating the transition to a high-income economy.

“From 2021-2023, Malaysia approved RM114.7 billion worth of investments in data centres and cloud services, creating 2,325 high-value jobs in specialised fields such as data scientists, data analysts, data engineers, cybersecurity analysts, and network engineers," he said in a post on X on Tuesday.

Tengku Zafrul added that as such, Miti will ensure Malaysia remains a preferred investment destination for AI data centres.

"The National Investment Council has agreed for the Malaysian Investment Development Authority (Mida) to provide an incentive framework, including the use of energy- and water-efficient equipment, as well as sufficient renewable energy to facilitate AI data centre investments in Malaysia," he said.

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