KULALA LUMPUR, 2 March With a new investment from Amazon Web Services (AWS) worth RM25.5 billion over 15 years for a new infrastructure “region” in Malaysia, it is expected that the country will experience a bigger increase in digital transformation and digital trust in society.
According to Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim, Southeast Asia’s data centre and digital hub will be established in Malaysia as a result of the largest international technological investment the country has seen to date.
“Giving Malaysians access to world-class AWS infrastructure, cutting-edge technologies, and advanced digital skills programmes will open doors for local businesses to grow and expand internationally, cultivate a workforce with digital proficiency, promote job creation, and produce long-term economic growth.
He stated in a speech that was recorded at the AWS Malaysia Cloud Day today, “Today’s announcement is a vote of confidence and support for Malaysia’s leadership in the global digital economy, and we look forward to deepening our collaboration with AWS to advance our nation’s digital economy ambitions.
The investment, according to Anwar, will also further the Malaysia Madani vision of a highly skilled, innovative, inclusive, and sustainable economy where income is distributed more fairly.
With the help of cloud service providers like AWS, many Malaysian businesses, ranging from startups to established corporations, have already transformed their services and business models. As a consequence, there has been an increase in innovation, more secure data processing, and lower operating expenses.
“Petronas has been a lighthouse example of how a leading Malaysian organisation accelerates its journey towards digital transformation by leveraging the power of the Cloud to modernise its IT, drive smarter operations and quicker decisions through data analytics, and build new digital applications like Petronas SETEL to enhance customer experience,” he continued.
The same is true, according to the prime minister, for Silverlake Axis, a Malaysian-based banking and fintech company that has used AWS to digitise and modernise 25 applications so they can provide their clients with more cutting-edge services.
Furthermore, he added, Pos Malaysia Bhd was able to manage its business transformation by moving to the Cloud, expanding beyond the conventional provision of mail and parcel delivery to also offer retail, logistics, and other cutting-edge goods and services.
Anwar claimed that for these businesses, an AWS Region in Malaysia will speed up the transformation and the development of cutting-edge digital services by utilising the reliable, dependable, high-performing, and secure infrastructure.
“AWS also inked the Cloud Framework Agreement (CFA) with the Malaysian government, delivering a boost to cloud use in the public sector and aiding agencies in cost savings, improving digital skills, and fostering innovation,” he added.
In 2021, the GDP’s (gross domestic product) (GDP) share of the digital economy was 23.2%.
“By 2025, we can easily achieve our aim of boosting the digital economy’s share of Malaysia’s GDP to 25.5%. This is made possible by investments made by the public and private sectors in human resources, business capacity, and enhanced public service delivery, the official said.
The Minister of Economy Rafizi Ramli, the Minister of International Trade and Industry Datuk Seri Tengku Zafrul Abdul Aziz, the Deputy Minister of Communication and Digital Teo Nie Ching, and the President and Group CEO of Petronas, Tengku Datuk Muhammad Taufik Tengku Aziz, were all present at the event.
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