Iskandar Investment partners TM-Nxera to develop RM9 bil AI-ready digital infrastructure in Iskandar Puteri

• TM-Nxera is a joint venture between Telekom Malaysia (KL:TM) and Singapore Telecommunications Ltd (Singtel).

KUALA LUMPUR (June 19): Iskandar Investment Bhd (IIB), the master developer of Iskandar Puteri, has partnered with TM-Nxera via River Retreat Sdn Bhd to develop a digital infrastructure with an approximate investment value of RM9 billion at Medini, Iskandar Puteri, Johor, according to a press statement on Wednesday.

TM-Nxera is a joint venture between Telekom Malaysia (KL:TM) and Singapore Telecommunications Ltd (Singtel).

The statement highlighted that the development of the infrastructure will be based on IIB’s vision for a net-zero carbon CBD and will help to facilitate the growth of technology-driven industries in Iskandar Puteri, increase subsea connectivity between Johor and Singapore and support the development of digital economies in both regions.

IIB president and CEO Datuk Idzham Mohd Hashim said, "The decision by TM-Nxera to establish their state-of-the-art sustainable and artificial intelligence (AI)-ready digital infrastructure in Iskandar Puteri is a major achievement for our community. It goes beyond mere infrastructure development; it’s about nurturing innovation and fostering growth within our region."

Singtel’s Digital InfraCo unit and Nxera CEO Bill Chang said, “This initiative aligns perfectly with our vision to empower the digital economy and communities across the region, and we are confident that it will unlock immense potential for businesses in Johor and Singapore."

TM group CEO Amar Huzaimi Md Deris added, "This strategic move underscores our commitment to advancing technology and fostering innovation in Malaysia. Johor is a key destination for TM’s digital infrastructure expansion supported by our robust domestic and international connectivity. The partnership is a pivotal step in our mission to position Malaysia as a regional digital hub and towards our vision of becoming a digital powerhouse by 2030.”

According to the statement, the collaboration aligns with the country’s MYDIGITAL Blueprint agenda, which emphasises the importance of digital infrastructure in driving digitally-enabled government and economy. The collaboration also aims to support the nation’s goal of attracting RM70 billion of investments by 2025, as outlined in the MyDIGITAL Blueprint and the National Industrial Master Plan 2030.

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