Equinix enters Malaysian market with US$40mil data centre investment

  • 📰 DNewsAsia
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Malaysia, one of the most requested markets in AP by Equinix customers Data centre market set to grow at a nearly 10% CAGR during 2021–2026 Equinix, Inc today announced its entry into the Malaysian market with plans to build a new International Business Exchange (IBX) data centre located in Johor and an initial investment of approximately US$40 million (RM180 million) According to the California-based digital infrastructure company, JH1 will be a two-story facility located at Nusajaya Tech Park (NTP) in Iskandar, Johor. It is scheduled to begin operations in Q1 2024.

Malaysia, one of the most requested markets in AP by Equinix customersEquinix, Inc today announced its entry into the Malaysian market with plans to build a new International Business Exchange data centre located in Johor and an initial investment of approximately US$40 million

It will provide organisations with access to ecosystems made up of more than 2,100 networks and over 3,000 cloud, IT, and system integrator services that Equinix works with globally. The IBX data centre will support Malaysian companies and multinationals doing business in Malaysia with access to Platform Equinix. When opened, it will increase Equinix's total global footprint of more than 245 data centres across 71 metros and 32 countries.

Malaysia’s digital economy is forecast to reach US$34 billion in Gross Merchandise Value by 2025, with the country on course to achieve a digital economy contribution to the Gross Domestic Product of at least 25.5% in the same year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 23. in BUSİNESS

Business Business Latest News, Business Business Headlines