Oracle's US$6.5b investment reflects tech companies' confidence - PM

Oracle’s investment decision reflects the confidence and commitment of global technology companies in Malaysia’s potential as a regional gateway for cloud infrastructure, thus supporting the growth of the regional artificial intelligence (AI) ecosystem, said Prime Minister Anwar Ibrahim.

Anwar, who is also finance minister, welcomed Oracle’s announcement today that it will open its first public cloud centre in Malaysia with an investment totalling US$6.5 billion (RM27 billion).

“The clarity of policies and strategic cooperation approach implemented by the Madani government has successfully attracted investment from the world’s leading technology companies...