- to promote financial growth through interconnection withS’pore and Johor data centres.
- Walk on ASEAN’s rise as one of the fastest-growing FDI-producing nations in the world.
The second phase of Equinix’s KL1 International Business ExchangeTM ( IBX® ) data center’s second phase was completed yesterday in Kuala Lumpur, Malaysia. The business said that this development, in addition to its appearance in Singapore and Johor and its upcoming expansion into Indonesia, the Philippines, and Thailand, will enable businesses to connect and exchange information across the ASEAN area.
Equinix Fabric® connects KL1 and JH1 via Equinix Fabric®, creating a cross-border online habitat made up of more than 1, 000 businesses in the region, including those in IT, financial companies, and businesses in Singapore.
The growth to KL1, which opened in March 2024, will increase the facility’s capacity by adding 450 units to match Malaysia’s growing demand for digital system. Equinix said it has already secured both global and local customers in a variety of industries, including sky and IT services, electronic media, corporations, and network operators.
Equinix has stated that its Johor facility, JH1, cost an initial US$ 40 million ( RM170 million ), but it has not disclosed the investment amount for either the current second phase of KL1.
Cheam Tat Inn, Managing Director of Malaysia, Equinix, stated,” Completing KL1’s second step within the first year of our functioning in Malaysia signals our strong commitment to helping the country become a proper area in the region’s online economy.”
He claimed that the business has experienced enabling growth over the past year as local and international clients flock to both the Kuala Lumpur and Johor services.
The rise of Equinix in Malaysia is a long-term investment in the country’s digital transformation. The company continues to focus on empowering businesses with high-performance, flexible, and green infrastructure that is worldwide connected and sky enabled in spite of growing curiosity across both Kuala Lumpur and Johor.
The growth of the region depends on a solid and connected electronic equipment to meet growing connectivity demands as businesses around the world look to ASEAN for market opportunities. ASEAN has become one of the fastest-growing regions for foreign direct investment ( FDI) thanks to its unparalleled market access, strategic location, and expanding manufacturing capabilities that enhance supply chains.
According to Asean. FDI reached a record US$ 226 billion ( RM 964.2 billion ) in 2023, with forecasts predicting that it will reach US$ 300 billion by 2030. ASEAN exports are projected to grow by 6.7 % annually through 2030, outpacing the average of 5 % globally, thanks to key trade corridors connecting East and West.
]RM1 = US$ 0.234]
With such regional expansion, Equinix is confident that customers will be able to deploy multi-site, latency-sensitive workloads across the ASEAN region with the aid of its upcoming entry into Indonesia, the Philippines, and Thailand.