BUSINESS

MTDC TO INCREASE INVESTMENT IN JOHOR, EYEING COMPANIES SUPPORTING DATA CENTRES

13/06/2024 01:17 PM

ISKANDAR PUTERI, June 13 (Bernama) -- 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 today.

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 power hungry 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.

-- BERNAMA

 

 


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