tradingkey.logo

Oracle mulls data center investment in Indonesia's Batam Island, Bloomberg News reports

ReutersMar 14, 2025 5:18 AM

March 14 (Reuters) - Oracle Corp ORCL.N is in discussions with the Indonesian government to establish a cloud services center in the country's Batam Island, Bloomberg News reported on Friday, citing people familiar with the matter.

Nongsa Digital Park in Batam is favoured as a location considering its "free trade zone" status and its proximity to city-state of Singapore and Malaysia, where Oracle already has plans for similar cloud service businesses, the report said.

In early October, Oracle had said it planned to invest more than $6.5 billion to set up its first public cloud region in Malaysia.

Oracle, Indonesia's Investment ministry and Communication ministry did not immediately respond to Reuters' request for comments.

The company also wants to continue its expansion across Asia, with more data centres and infrastructure projects planned "from Japan all the way down to New Zealand... all the way to India", Garrett Ilg, Oracle's executive vice president for Japan and Asia Pacific, had told Reuters in a statement earlier.

Oracle also has two existing cloud computing facilities in Singapore and currently has 50 public cloud regions across 24 countries, according to its website.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

tradingkey.logo
tradingkey.logo
Intraday Data provided by Refinitiv and subject to terms of use. Historical and current end-of-day data provided by Refinitiv. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.
* References, analysis, and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgement of the analyst, without considering the investment objectives and financial situation of the investors.
Risk Warning: Our Website and Mobile App provides only general information on certain investment products. Finsights does not provide, and the provision of such information must not be construed as Finsights providing, financial advice or recommendation for any investment product.
Investment products are subject to significant investment risks, including the possible loss of the principal amount invested and may not be suitable for everyone. Past performance of investment products is not indicative of their future performance.
Finsights may allow third party advertisers or affiliates to place or deliver advertisements on our Website or Mobile App or any part thereof and may be compensated by them based on your interaction with the advertisements.
© Copyright: FINSIGHTS MEDIA PTE. LTD. All Rights Reserved.