RM15 billion secured in digital investments at Singapore International Cyber Week

K PRAGALATH

The Malaysian mission led by Digital Minister Gobind Singh Deo successfully secured RM15 billion in approved digital investments from Singapore based technology companies.

These investments are a direct outcome of the Malaysia Digital (MD) initiative, a national strategy to drive digital transformation, attract high-value investments, and enhance Malaysia’s global competitiveness within the tech ecosystem.

“We are proud to witness such strong confidence from Singapore-based investors. This will accelerate the development of Malaysia’s data infrastructure and firmly position the nation as the region’s leading hub for technology and innovation in ASEAN. We are excited to deepen this cross-border collaboration for mutual digital prosperity,” said Gobind.

Some of the companies that would be investing in Malaysia have been officially awarded the MD Status as it is committed towards substantial digital investments and job creations that will directly support Malaysia’s digital transformation, AI development and talent ecosystem.

MD Status refers to Malaysia Digital – an engine that accelerates the growth of Malaysia’s digital ecosystem that is focused on nine sectors.

The nine are:
Digital Agriculture
Digital Services
Digital Cities
Digital Health
Digital Finance
Digital Trade
Digital Content
Digital Tourism
Islamic Digital Economy

The RM15 billion comes from the following companies:

AOLANI Cloud – Committed RM10.8 billion to establish advanced data centres and cloud infrastructure in Malaysia to support high-performance computing and AI applications.

  • MYS AssetCo (DDSP) – Announced an initial amount of RM1.7 billion investment to develop hyperscale data centre and supporting energy infrastructure.
  • Easybook – Invested RM1.4 billion to expand its digital mobility services, establishing a regional R&D Centre and operations hub in Malaysia.
  • Bitdeer Technologies Group – Committed RM1.1 billion to set up blockchain digital infrastructure catering to global digital asset operations.

The Malaysian Digital Economic Corporation stated the total approved digital investments from Singapore this year is RM25.18 billion in key digital sectors including data centres, AI development, mobility solutions, and blockchain infrastructure.