Thursday, November 10, 2011

IBM to invest RM1 bln over next 5 yrs in Cyberjaya

KUALA LUMPUR (Nov 10): IBM will be investing RM1 billion over the next five years to develop a new Global Delivery Centre in Cyberjaya, said Datuk Seri Najib Tun Razak.

The Prime Minister said on Thursday the centre is expected to create 3,000 skilled jobs.

He also said Toshiba has selected Malaysia as its global supply chain hub, regional full turnkey and R&D centre for its transmission and distribution equipment to Southeast Asia market.

Toshiba is expected to invest RM268 million and this would contribute RM304.8 million in gross national income, creating 668 jobs by 2017.

Najib announced the investments at the ninth Economic Transformation Programme (ETP) progress.

The Prime Minister announced 13 projects, nine new and four recapped, with a total investment value of RM5.85 billion, projected GNI of RM6.68 billion and creating an estimated 16,902 jobs.

"With these new projects, the ETP has recorded RM177.1 billion in committed investment, RM237.23 billion in projected GNI and 389,263 potential new jobs," said Najib.

Other projects that were announced was a collaboration between Telekom Malaysia and Akamai Technologies in building Akamai's only Netstorage facilities in Asia Pacific (excluding Japan). Netstorage is a secure, outsourced service that reduces costs and hassle associated with content storage.

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