Khazanah’s UEM fuels Malaysia’s $40B data center surge
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Khazanah Nasional Bhd., Malaysia’s sovereign wealth fund, is focusing on its infrastructure branch, UEM Group Bhd., to utilize its extensive land assets to offer industrial space and clean energy required to support a data center based in Johor, said Managing Director Amran Hafiz Affifudin. This news follows recent reports that Johor attracted about 164.45 billion ringgit as of the second quarter, equivalent to around $40 billion in data center investment. Analysts researched this growing interest in Johor. They discovered that the state has positioned itself as an investment hub, particularly with the establishment of a new special economic zone by Singapore. According to their estimates, Johor is expected to host approximately 60% of Malaysia’s data centers by 2030. This move shows promise of favorable development or future success for UEM, especially considering that its property development arm, UEM Sunrise Bhd., owns almost 4,600 acres in the area. Khazanah’s UEM intends to use its extensive land assets to back a data center based in Johor During an interview in Kuala Lumpur on Tuesday, November 11, Amran mentioned that Sunrise is making a strategy for the Gerbang Nusajaya Industrial Park, which will operate on renewable energy and cover 40 acres. Moreover, he highlighted that UEM Lestra Bhd., their green energy division, is preparing to initiate the construction of a 1-gigawatt hybrid solar plant, funded by investors such as the Macquarie Group and I Squared Capital Advisors. Notably, the initial stage of this plant will be a 500-megawatt facility priced at 2.5 billion ringgit, as stated by Lestra earlier this year. Meanwhile, UEM is exploring the potential investment in water treatment for industrial parks, which is crucial for cooling data centers. Amran stated, “This aligns with providing energy to industrial parks.” He added that there is a significant demand for water and power…
Filed under: News - @ November 13, 2025 12:27 am