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Thread: China's Huawei to set up data centre in Malaysia

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    Default China's Huawei to set up data centre in Malaysia

    China's Huawei to set up data centre in Malaysia
    PUBLISHED OCTOBER 04, 2013

    [KUALA LUMPUR] Huawei Technologies Co Ltd, the world's second-largest telecommunications equipment maker, and Malaysian state investor Khazanah Nasional, will set up a data hosting and logistics centre in southern Malaysia to serve the Chinese firm's regional customers, both firms said on Friday.

    The centre will be located in the Iskandar region, a short distance from Singapore, and cover a combined office and warehouse space of 90,000 square feet, the companies said in a statement.

    The companies did not disclose a value for the project, but said the centre will create 600 new jobs. The agreement was signed as Chinese President Xi Jinping made his first official visit to Malaysia this week. - Reuters

    http://www.businesstimes.com.sg/brea...aysia-20131004

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    China elevates Malaysia ties, aims to triple trade by 2017
    PUBLISHED OCTOBER 04, 2013

    [KUALA LUMPUR] Chinese President Xi Jinping said on Friday he and Malaysian Prime Minister Najib Razak had agreed to elevate ties to a "comprehensive strategic partnership", aiming to boost military cooperation and nearly triple two-way trade to US$160 billion by 2017.

    The Chinese and Malaysian leaders spoke soon after US President Barack Obama cancelled a week-long tour of four Asian nations due to the US government shutdown.

    Mr Najib said he agreed with Xi, who is visiting Malaysia ahead the Asia-Pacific Economic Cooperation summit in Indonesia, to encourage more joint military exercises and visits between the nations.

    China is already Malaysia's largest trading partner, with two-way trade last year totalling 181 billion ringgit (US$57 billion). - Reuters

    http://www.businesstimes.com.sg/brea...-2017-20131004

  3. #3
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    Good news for Iskandar, hope they get more investments and higher end jobs to boost rental demand.

  4. #4
    Junior

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    Read in another article that the Huawei centre will be in Nusajaya, good for rental for the properties there. I think Nusajaya is really the recreational area and mainly with Singaporeans and SPRs buying homes there, and with Medini wellness centre and HSR, it is a good retirement village for Singaporeans, except that prices have inflated somewhat there.

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