Renowned technology company, Oracle plans to invest more than RM27 billion in establishing its first public cloud region in Malaysia which is the global firm's main investment.
Tech giants including Microsoft, Nvidia, Alphabet Google and ByteDance have announced digital investments worth billions of dollars into Malaysia since last year.
Most of those companies are heavily focused on cloud services and data center investments to generate an infrastructure boom driven by growing demand for artificial intelligence (AI).
Oracle's venture is expected to be one of the largest single technology investments to date and surpasses the $6.2 billion in spending planned by Amazon's cloud unit AWS last year.
The planned cloud region project will help organizations in Malaysia modernize their applications by moving workloads to cloud data and innovate according to AI analytics capabilities.
Oracle Japan and Asia Pacific Executive Vice President Garrett Ilg said the operation will also allow the firm's Malaysian customers to engage government agencies, financial institutions as well as airlines and hospitality companies to take advantage of cloud services based in the country.
According to its website, the cloud region in Malaysia will be Oracle's third in Southeast Asia after the two existing facilities in Singapore and currently has 50 public cloud regions in 24 countries.
Oracle last month raised its fiscal 2026 revenue forecast and said it expects to hit $100 billion in revenue by fiscal 2029.
In the past year, Microsoft has announced a $1.7 billion investment in cloud services in Indonesia while Amazon has announced plans to invest $9 billion in Singapore and $5 billion in Thailand.
Google on Tuesday invested in a $2 billion data center in Malaysia, part of an investment it says will contribute more than $3 billion to the country's economy by 2030.
