Negri Sembilan Set to Be Next Data Centre Hotspot
The Star | 6th March 2025
PETALING JAYA: After Selangor and Johor, Negri Sembilan could be a data centre hotspot in Malaysia.
RHB Research pointed out that Gamuda Bhd is acquiring 389 acres of land in Port Dickson, which could potentially accommodate between 500 megawatt (MW) and one gigawatt of data centre capacity.
It also said HSS Engineers Bhd is eyeing for a separate data centre project in Negri Sembilan with a potential size of 100MW.
Overall, RHB Research believes the prospects of data centres in the country are likely to remain intact.
In Johor alone, referring to a report by Cushman and Wakefield, RHB Research said there is about 822MW of planned data centre capacity.
“We view the prominence of data centre developers from tier-one countries in Malaysia that are eligible for validated end-user status to mitigate risks from the US Artificial Intelligence Diffusion Rules.”
On the construction sector’s financial results for the fourth quarter of 2024, RHB Research said they were in line with forecasts as revenue recognition progress of most contractors picked up as expected.
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