info@ceoworld.biz
Friday, November 22, 2024
CEOWORLD magazine - Latest - Success and Leadership - AWS to Invest $6.2 billion in Malaysia through 2038, Showing Confidence in its Economy

CEO InsiderSuccess and Leadership

AWS to Invest $6.2 billion in Malaysia through 2038, Showing Confidence in its Economy

On August 22, 2024, AWS, a subsidiary of Amazon.com Inc., announced the launch of its AWS Asia Pacific (Malaysia) Region. The company plans to invest approximately US$6.2 billion in Malaysia through 2038. This investment is aimed at providing developers, startups, entrepreneurs, enterprises, and various organizations—including government, education, and non-profits—more options for running applications and serving end users through AWS data centers located within Malaysia.

Prime Minister Datuk Seri Anwar Ibrahim Anwar expressed his enthusiasm for this development on his X social media account, welcoming AWS to Malaysia and highlighting the potential for innovation and technology transfer that the investment could bring.

As the nation’s finance minister, Anwar noted that AWS’s investment is among the largest by global technology companies in Malaysia, joining a series of recent investments from other global leaders like NVIDIA, Google, Microsoft, and Infineon since December 2023.

Anwar also mentioned that AWS has signed a Cloud Framework Agreement with the Malaysian government to enhance cloud adoption within the public sector. As part of AWS’s investment, the company will establish physical data centers in Malaysia, making the country one of Amazon’s 34 launched regions across its global infrastructure network.

The Prime Minister emphasized that this investment will directly create over 3,500 jobs in Malaysia, spanning various sectors such as construction, facility maintenance, engineering, and telecommunications. These jobs will be integral to the high-value AWS supply chain, further boosting Malaysia’s economy.

GDP (nominal)CapitalHead of StateHead of GovernmentGDP (nominal) per capitaGDP (PPP)GDP (PPP)GDP (PPP) per capita
MalaysiaKuala LumpurSultan Ibrahim ibni Sultan IskandarAnwar Ibrahim430.89513.0341.225.92737.083

Have you read?
Richest Billionaire Investors.
Billionaire Winners.
Billionaire Losers.
Best Business Schools.
Best Hotel Schools.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
CEOWORLD magazine - Latest - Success and Leadership - AWS to Invest $6.2 billion in Malaysia through 2038, Showing Confidence in its Economy
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz