SIMEPROP plans to invest RM2 billion to build a very large data center to expand business
📌 $SIMEPROP (5288.MY)$ A hyperscale data center is being built at its Elmina Business Park in Klang, Selangor, covering an area of approximately 49 acres, and is expected to be completed on February 27, 2026.
📌 $SIMEPROP (5288.MY)$ The report said that the award of the GESB contract was the result of a tender, and the company was selected because it received the highest overall score in the final technical and commercial evaluation, reflecting its technical expertise and ability to complete the project.
📌 The data center will be built by Sime Darby Property (EBP Asset I) Sdn Bhd, a wholly-owned subsidiary of Sime Darby Property Berhad, and leased to Pearl Computing Malaysia Sdn Bhd, the latter is a subsidiary of Raiden APAC, an American multinational technology company.
📌 $SIMEPROP (5288.MY)$ The report said that the award of the GESB contract was the result of a tender, and the company was selected because it received the highest overall score in the final technical and commercial evaluation, reflecting its technical expertise and ability to complete the project.
📌 The data center will be built by Sime Darby Property (EBP Asset I) Sdn Bhd, a wholly-owned subsidiary of Sime Darby Property Berhad, and leased to Pearl Computing Malaysia Sdn Bhd, the latter is a subsidiary of Raiden APAC, an American multinational technology company.
The total construction contract value for the data center is RM1.74 billion, of which：
🔥 SIMEPROP (EBP Asset I) Sdn Bhd obtained 8.15 RM100 million construction, completion, testing and commissioning contracts.
🔥 Pearl Computing Malaysia Sdn Bhd grants another share of value 9.256 RM100 million sub-contract for the decoration, testing and commissioning of mechanical, electrical and plumbing works in data centers.
🔥 The construction of this data center is expected to contribute positively to Sime Darby Property Berhad's earnings over the next two years.
🔥 The data center will use the latest energy-saving and sustainable development technology to provide a high level of safety and reliability, which will contribute to Malaysia's digital economy.
🔥 SIMEPROP (EBP Asset I) Sdn Bhd obtained 8.15 RM100 million construction, completion, testing and commissioning contracts.
🔥 Pearl Computing Malaysia Sdn Bhd grants another share of value 9.256 RM100 million sub-contract for the decoration, testing and commissioning of mechanical, electrical and plumbing works in data centers.
🔥 The construction of this data center is expected to contribute positively to Sime Darby Property Berhad's earnings over the next two years.
🔥 The data center will use the latest energy-saving and sustainable development technology to provide a high level of safety and reliability, which will contribute to Malaysia's digital economy.
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