Singapore state-owned investment company GIC and data-center provider Polymer Connected have entered a tie-up to develop a data center campus in Jakarta, GIC said in a statement on its website Thursday.
Polymer Connected has acquired the land in Jakarta Barat for its first Indonesia campus, the statement said.
The data center will adopt a hyperscale model, to be leased on a large, long-term basis to wholesale clients, GIC said.
“Built to international design standards, the Jakarta Barat campus will be scalable, reliable and secure, and will be the first green Indonesian data center to utilize Jakarta’s natural gas network to produce electricity,” GIC said.
Darren Hawkins, CEO of Polymer Connected, pointed to estimates Southeast Asia’s digital economy would triple in size to US$240 billion by 2025, as well as the region’s population of 575 million, of which 390 million are active mobile users.
“Data centers represent the backbone of this movement, which is why Polymer Connected chose to build its hyperscale data network here,” Hawkins said. “Our aim is to provide businesses with state-of-the-art data solutions and to help our clients unlock their growth potential in these fast-emerging digital markets.”
GIC manages Singapore’s reserves and has more than US$100 billion in assets under management.
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