00:00Congratulations!
00:07And we mentioned Johor a few times just now, Dr. Karol Saleh.
00:14And the state of Johor in particular tells us an even more unbearable story.
00:19In just the first three months this year, the state attracted over 30 billion in investment.
00:26And out of that 30 billion, 90% is going to digital infrastructure.
00:32This is a tangible proof.
00:35Number one, investors are clear about our policies, investors like A1.
00:40Two, we are attracting the right capital.
00:43And three, our vision for Johor as Malaysia's gateway is fast becoming a reality.
00:49And this momentum is set to grow.
00:52By 2030, Johor is expected to grow 60% of Malaysia's total data center capacity.
00:59Cementing its role as the digital hub for Southeast Asia.
01:04The vision is to create a nexus where global technology leaders, emerging unicorns and local entrepreneurs can build and thrive together.
01:14The transformation will be accelerated by the Johor Singapore Special Economic Zone.
01:22And this JSSZ has sped up our pace.
01:27We look at talent attraction as well, scale up our talent attraction.
01:31On supply chains, strengthening our supply chain connections within ASEAN and beyond.
01:36And JSSZ is no longer just keeping up, it's setting the base for digital ambition in the region.
01:43And at the regional level, as ASEAN chair for 2025, Malaysia is also actively driving the adoption of the ASEAN digital economy framework agreement, DEFA.
01:54And DEFA aims to boost digital trade and unlock the potential of our digital economy, which is projected to double to $2 trillion by the year 2030.
02:07So ladies and gentlemen, this $2 trillion pie is right for the picking.
02:13But this may not happen without energy security and sustainability for your operations.
02:19But again, this may not happen without the energy security and sustainability that heavily capitalized projects in mind.
02:27So this is where CRESS comes in, the Proper Renewable Energy Supply Scheme.
02:31It allows hyperscale data centers and big energy users to buy renewable energy directly from producers, in this case A&B.
02:41And the market-driven solution is also where we hope we'll get to that 70% RE target by the year 2050.
02:51To complement this, Malaysia has introduced the guidelines for sustainable and purpose-built data centers.
02:57This is a framework that sets minimum requirements for energy efficiency, water stewardship, carbon management, as well as circular economy, especially what's been practiced in the new data centers today.
03:11This lays down a clear framework for benchmarking of your data center projects.
03:17This is against global sustainability standards.
03:20With more than 70% of major global investors now requiring data center projects to demonstrate robust ESG commitments.
03:29So this will definitely support your own ESG commitments and your own ESG goals, which in turn contributes to our target,
03:37Malaysia's net target of zero.
03:40This is net zero target by 2050.
03:43In short, PRESS, our national guidelines, our NINP-driven renewable targets, and transparent reporting standards are shaping Malaysia,
03:53not just as a hub for digital investment, but also the benchmark for responsible growth in ASEAN.
03:59But truth to be told, none of this matters. It does not also make commercial sense.
04:07According to recent analysis, every $1 investor, or in this case, $1 invested in data centers,
04:13rate $2 in economy's impact.
04:17That multiplier creates real jobs for our people and real opportunities for local SMEs and suppliers,
04:23generating real spending that pranks up our GDP today.
04:30And I hope that later, BCT will be validating what I just said.
04:36And our digital economy is already expected to contribute over 25% of national GDP this year.
04:43In fact, by 2030, our digital investments will catalyze nearly $400 billion in cumulative GDP,
04:51which generates the resources to support everything from AI research to e-health,
04:58as well as improve e-services, digital banking, and e-commerce.
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