Microsoft Corp is looking to broaden its investment in data centres in Indonesia, which will soon implement regulatory changes to ease the move. 

The announcement was made by the country’s president following a meeting with the software company’s CEO on Thursday.

Indonesia is home to the largest and fastest-growing digital economy in Southeast Asia, and is forecast to be worth roughly $130 billion by 2025, compared to $40 billion in 2019, according to a Google report, Singapore state investor Temasek Holdings and Bain & Company. 

“Microsoft wants to invest immediately in Indonesia,” said President Joko Widodo speaking to reporters. Widodo delivered a speech at an event commemorating 25 years of the company’s presence in Southeast Asia’s largest economy, at which Microsoft CEO Satya Nadella was also present. 

“So within a week we will decide a new, simple regulation to support the investment,” Widodo said. He did not disclose further details regarding what the regulation might be or the extent of the potential investment.

In January, Indonesia’s government presented a bill to parliament designed with the aim of safeguarding consumer data in the digital age. The proposal however, has yet to be approved. 

When requested for comment, Microsoft chose not to respond immediately. 

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