Malaysia bags another cloud deal from U.S. Big Tech with $6.5 billion pledge from Oracle

Oracle announced it would invest at least $6.5 billion towards a public cloud region in Malaysia. A cloud region is the real-world location where cloud facilities are located. Oracle said the new facilities would allow its customers in Malaysia to leverage AI services, and help Malaysian organizations modernize their digital applications.

“Malaysia offers unique growth opportunities for organizations looking to accelerate their expansion with the latest digital technologies,” said Garrett Ilg, Oracle’s executive vice president and general manager for Japan and Asia Pacific in a statement.

Malaysia’s minister of investment, trade and industry said Oracle’s investment will support the country’s ambitious plan to create 3,000 smart factories by 2030.

Oracle’s cloud investment follows a similarly sized pledge from Amazon. In late August, the U.S.’s company’s cloud computing division promised $6.2 billion in investment for Malaysia. Microsoft and Google have also announced multi-billion dollar investments in Malaysian cloud infrastructure.

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