Forbes Asia Magazine’s Latest Issue K2 strategic CEO Kuok Meng Wei powers family’s big bet on αι infrastructure

K2 strategic CEO Kuok Meng Wei powers family's big bet on αι infrastructure

The roots of Kuok Group, the conglomerate founded by legendary business tycoon Robert Kuok, go back to 1949 in Malaysia’s Johor state, where he and his brothers started a business trading everyday items such as sugar, rice and flour. More than 75 years later, once-sleepy Johor, cashing in on its plentiful land and proximity to Singapore, has transformed itself into a booming tech hub. There, in a homecoming of sorts, the Kuok Group has latched on to the opportunity of selling a 21st century essential: data storage.

Last October, the group’s privately held unit K2 Strategic, led by the patriarch’s 41-year-old grandson Kuok Meng Wei, opened a 60 megawatt (MW) data center—capacity is measured by power consumption—at the 700-acre Sedenak Tech Park, one of a dozen digital hubs multiplying across Johor. Located about 30 kilometers from the century-old causeway connect-ing Singapore and state capital Johor Bahru, it has drawn some of the biggest data center players from around the world.

Read more at https://www.magzter.com/SG/Forbes-Media-LLC/Forbes-Asia/Business/2008336