- to promote economic growth through interconnection withS’pore and Johor info centers.
- Walk on ASEAN’s rise as one of the fastest-growing FDI-producing nations in the world.
Equinix, Inc. announced yesterday that the second phase of its Kuala Lumpur, Malaysia, KL1 International Business ExchangeTM ( IBX® ) data center was complete. Cheam Tat Inn, Managing Director of Malaysia at Equinix, responded to a question from DNA. Equinix reported that a total of US$ 100 million ( RM420.2 million ) has been invested in KL1. 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.  ,
More than 1, 000 businesses from across the region’s sky and networking services, IT, financial services, and business networks have been connected to KL1 and JH1 through Equinix Fabric®, resulting in a cross-border online habitat.
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 that since launching its operations in 2024, it has already secured both global and local customers in various industries, including sky and IT services, glad and electronic media, businesses, and network providers.
Equinix has not disclosed the investment amount for either the current second phase of KL1 nor the initial US$ 40 million ( RM170 million ), despite the company’s claim that its Johor facility, JH1 cost$ 70 million.
Cheam Tat Inn, Managing Director of Malaysia, Equinix, stated,” Completing KL1’s second step within the first year of our functioning in Malaysia shows our strong commitment to helping the country became a proper area in the region’s online economy.”
He claimed that both the company’s Kuala Lumpur and Johor facilities, both of which are gaining momentum among local and international clients, have had enabling speed over the past year.
The development of Equinix in Malaysia is a long-term investment in the country’s digital transformation. The company continues to be focused on providing businesses with high-performance, robust, and lasting infrastructure that is worldwide connected and fog enabled in spite of growing interest in both Kuala Lumpur and Johor.
The growth of the region depends on a solid and connected electronic equipment to meet growing communication demands as businesses around the world look to ASEAN for market opportunities. ASEAN has emerged as one of the fastest-growing regions for foreign direct investment ( FDI) thanks to its unmatched market access, corporate location, and expanding production capabilities that strengthen supply chains.
According to Asean. FDI reached a record US$ 226 billion ( RM$ 964.2 ) in 2023, with forecasts predicting that it will attain US$ 300 billion by 2030. Through 2030, ASEAN exports are projected to grow by 6.7 % annually, beating the average of 5 % globally, thanks to important trade corridors that connect East and West.
]RM1 = US$ 0.234]
With such local expansion, Equinix is convinced that customers will be able to install multi-site, latency-sensitive workloads across the ASEAN area with the aid of its upcoming expansion into Indonesia, the Philippines, and Thailand.