ISKANDAR PUTERI (June 13): The Malaysian Technology Development Corporation (MTDC) is looking to increase its investment in Johor, especially in companies supporting data centres.
“In Johor, MTDC has so far invested and funded 65 companies with a total of RM110.9 million, and two of these companies have been listed on Bursa Malaysia.
“This area (Johor) is very hot right now with the introduction of many data centres, so we are looking at that potential for investing,” chief executive officer Mohammad Hazani Hassan told reporters after officiating at the R2G Southern Region here on Thursday.
He said MTDC did not set any specific target of growth in investment in the state, but is actively looking at early stage technology companies.
“We want to create the ecosystem that supports the supply chain… it can be in the energy area because data centres are need high supply of power, or blockchain,” he said.
MTDC is a wholly owned subsidiary of Khazanah Nasional Bhd, and an agency under the Ministry of Science, Technology and Innovation (Mosti).
Established in March 1992 with the mandate to build world-class technology-based Malaysian companies, MTDC is the catalyst for technology development and in bringing innovations to the market.
Read also:
Singtel in talks to build data centre in Johor — sources
UEM Sunrise and Logos sign MOU to develop data centre campus in Johor
Water, power remain major issues for Johor’s data centres, says JB mayor
World Bank's IFC announces US$150m loan for Yondr's data centre construction in Malaysia
YTL Power confirms AI data centre deal with Nvidia; shares hit record high with YTL Corp
Uploaded by Liza Shireen Koshy