The southern state will see some RM17 billion in new investments in 2024 as analysts and property experts tout it as the place-to-be for data centre investment in Malaysia.
PETALING JAYA: Johor has become the new focal point for investors in data centres.
Developers and providers of data storage facilities such as Bridge Data Centres, Yondr Group, Equinix and ByteDance System have either set up shop or are making a beeline for the state.
It has been estimated that in 2024 alone, Johor will see RM17 billion worth of new investment in data centres.
Today, it already has 33MW of “live”and pipeline facilities, with more under construction or in the planning stage. Yet, it has barely scratched the surface.
(The capacity of data centres is measured by the amount of energy they use.)
Only 2.02% of the state’s IT capacity today is “live”, according to data from real estate consultancy Knight Frank.
Of the new facilities that are in the pipeline, 59.97% have yet to secure all the essential elements, such as government approval, land and power supply, for development. On the other hand, 24.35% are already under construction and another 13.65% have already been committed to end users.
Among local investors in data centres in Johor, JLand Group Sdn Bhd is opening its own facility and expanding existing ones.
Yet, Johor accounts for only 3.2% of all data centre facilities in Malaysia. Kuala Lumpur and Cyberjaya are the leaders here.
Regionally, Malaysia is behind Indonesia in data centre capacity.
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