Cyberjaya To Receive US3$ bil Investment From Vantage And Names LVNS As New Tech Ecosystem Partner
By Digital News Asia May 18, 2023
- Vantage campuses will deliver a total of 287MW of IT capacity
- LVNS aims to generate US$22.98 mil through its development programmes
US-based hyperscale data centre provider, Vantage Data Centers, plans to invest an additional US$3 billion (RM13.32 billion) to build a second data centre campus in Cyberjaya. At the same time Leave a Nest Malaysia (LVNS), a subsidiary of a Japan-based science venture company, signed an MoU with Cyberview.
Both signing ceremonies were witnessed by Fahmi Fadzil, Minister of Communications and Digital.
“With Cyberjaya leading the way as a top choice for data centre investments in the country, Malaysia's tech industry is set for a bright future. As demand for connectivity and digital services continues to rise, data centres will play an increasingly critical role in powering our digital economy. In addition to strong infrastructure, a thriving ecosystem of innovation will be a key enabler of growth in this rapidly evolving industry,” said Fahmi.
Recently, at the Cyberview Hari Raya open house and 26th Anniversary celebration in Cyberjaya, Vantage signed an agreement with Cyberview, the tech hub developer of Cyberjaya, to formalise the investment.
Vantage is in its final stages of acquiring 35 acres to develop a data centre mega campus, named KUL2. The facility will consist of 10 data centres with 256MW of IT capacity across 2.75 million square feet once fully developed.
The company is also expanding its first campus with a fourth 16MW facility that is currently under development. When combined, both campuses will deliver a total of 287MW of IT capacity.
“Vantage has been expanding our footprint in Malaysia since we entered into the dynamic Asia-Pacific market. Our positive experience in Cyberjaya has encouraged us to take further steps to advance the city's digital infrastructure by building our largest hyperscale campus in the region,” said Giles Proctor, Chief Operating Officer of Vantage’s APAC business.
“The agreement with Vantage marks an important milestone for Cyberjaya and sets the stage for the city as an ideal location for hyperscale data centre providers. Currently, 90 per cent of colocation providers in Malaysia are based in Cyberjaya, leveraging our world-class infrastructure with dark fibre connectivity,” said Mohd Hafiz Ibrahim, Acting Managing Director of Cyberview.
Meanwhile, at the same event, Cyberview also announced LVNS as Cyberjaya’s new tech ecosystem partner.
With support from Cyberview and 18 local players, including MNCs from various sectors and government agencies, LVNS aims to generate US$22.98 million (RM100 million) in economic impact through its development programmes. It will include several signature initiatives in Cyberjaya, such as the Center of Garage Malaysia, a knowledge-based tech development initiative that is aimed at supporting startups in Malaysia as well as the region.
“This partnership will not only benefit the startup community but will also contribute to the growth and development of the entire technology and innovation ecosystem,” added Mohd Hafiz.
Yukihiro Maru, Group Chief Executive Officer of Leave a Nest Group commented, “Through this MOU signing, we hope to strengthen the collaboration with Cyberview to make Cyberjaya the hub of Innovation not only for Malaysian startups but also to bring more global startups within the Leave a Nest networks to be based here in Cyberjaya and accelerate their regional expansion from Malaysia.”
The Digital Investment Office by the Malaysia Digital Economy Corporation (MDEC) and Malaysian Investment Development Authority (MIDA) played a key role in facilitating these investments.
"With Vantage Data Centers' investment in Malaysia, we are one step closer towards our goal of firmly establishing Malaysia as the digital hub of ASEAN. The Malaysia Digital (MD) national strategic initiative aims to transform the nation's digital capabilities, enhancing our value proposition to attract digital investments and boost the digital economy. We are committed to supporting Vantage's presence here and the growth of the nation's data centre industry via various PEMANGKIN initiatives. Vantage's new data centre not only strengthens Malaysia's digital infrastructure but also accelerates our ongoing digital transformation. This move signifies continued confidence in Malaysia's robust and enabling data centre ecosystem, digitally skilled talent, and world-class infrastructure," said Mahadhir Aziz, Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC).
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