Sime Darby Seeks Loan to Build Malaysian Data Center for Google

Sime Darby Property, a Malaysian developer, is in discussions with banks to secure a loan of up to 3 billion ringgit (approximately $714 million) to finance the construction of a data center. This data center will be leased to tech giant Google. The project aims to cater to the growing demand for digital infrastructure and cloud computing services in the region. The data center is expected to be located in Malaysia, though the specific site has not been disclosed. The deal represents a significant investment in Malaysia's digital ecosystem and highlights the country's efforts to attract leading technology companies. It also underscores the increasing importance of data centers as critical infrastructure to support the digital transformation of businesses and economies. The details of the loan agreement and the timeline for the data center's construction are still being negotiated, but the project is expected to contribute to the development of Malaysia's digital economy and its position as a regional hub for technology and innovation.