Khazanah Nasional Berhad (“Khazanah”) today announced that it has entered into a collaboration agreement with Huawei Technologies (Malaysia) Sdn. Bhd. (“Huawei”) for the establishment of the Huawei Regional Data Hosting and Logistics Center to be located in Nusajaya, Iskandar Malaysia.
Khazanah and Huawei exchanged the collaboration agreement at a ceremony witnessed by Prime Minister of Malaysia, Y.A.B. Dato’ Sri Mohd Najib Tun Abdul Razak, and President of the People’s Republic of China, His Excellency Mr. Xi Jinping. Khazanah was represented by Khazanah Executive Director, Ben Chan while Huawei, a Fortune Global 500 Company that is a leading global information and communications technology (“ICT”) solutions provider, was represented by President of Huawei South Pacific Region, Mr. David Wei Cheng Min.
Under the collaboration agreement, Khazanah will provide the necessary facilitation for Huawei to set up the proposed Huawei Regional Data Hosting and Logistics Centre. The centre will occupy combined office and warehouse space totalling 90,000 square feet and will serve Huawei’s regional customers, leveraging on the strategic location of Iskandar Malaysia as well as supportive government investment incentives. The establishment of the centre is expected to create 600 jobs in various managerial, technical and administrative positions. In addition, Huawei will be involved in developing local ICT expertise to meet the centre’s manpower requirements.
“Khazanah is pleased to enter into this collaboration with Huawei. The strategic investment by Huawei is another milestone in the growth and progress of Iskandar Malaysia, which overall continues to attract investments in multiple sectors from both domestic and foreign investors. We look forward to working closely with Huawei and are confident that our collaborative efforts will be a success,” said Tan Sri Dato’ Azman bin Hj. Mokhtar, Managing Director of Khazanah.
Mr. David Wei Cheng Min said: “Malaysia is one of the most important markets for Huawei in the Asia Pacific region. The announcement today is a new step forward for Huawei’s development in Malaysia. Our new investment into Nusajaya, Iskandar Malaysia is another major milestone in making Malaysia as our regional business gateway to reach out to the Asia Pacific region. Malaysia’s openness to foreign investment, its strong incentives of encouraging foreign investment, richly skilled workforce and geographic advantages, underline our confidence in further investment in Malaysia. As a world leading ICT solution provider, Huawei will keep supporting the ICT transformation and upgrade in Malaysia. I would like to express our heartfelt appreciation for the superb support and business-friendly environment provided and enabled by the Malaysian Government.”
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For further information, please contact Mohd Asuki Abas at +603 2034 0000 or via e-mail at asuki.abas@khazanah.com.my
About Khazanah Nasional Berhad
Khazanah is the strategic investment fund of the Government of Malaysia entrusted to hold and manage the commercial assets of the Government and to undertake strategic investments. Khazanah is involved in various sectors such as power, telecommunications, banking, healthcare, airport management, infrastructure, leisure & tourism, property development, broadcasting, investment holding, and technology. Some of the key listed companies in Khazanah’s investment portfolio include Telekom Malaysia Bhd., Tenaga Nasional Bhd., CIMB Group, Axiata Group Bhd., IHH Healthcare Bhd., Malaysia Airports Holdings Bhd., and UEM Sunrise Bhd.
About Huawei
Huawei is a leading global information and communications technology (“ICT”) solutions provider. Through its dedication to customer-centric innovation and strong partnerships, Huawei has established end-to-end advantages in telecom networks, devices and cloud computing. Huawei is committed to creating maximum value for telecom operators, enterprises and consumers by providing competitive solutions and services. Huawei’s products and solutions have been deployed in over 140 countries, serving more than one-third of the world’s population. For more information, visit Huawei online: www.huawei.com.