Johor site will become the largest hyperscale data center campus in Southeast Asia with 300MW+ IT load power capacity situated on 72.5 acres of land. 

Project financing comes from World Bank Group member International Finance Corporation. 

JOHOR, MALAYSIA., — May 30, 2024 – Yondr Group, a leading global developer, owner and operator of hyperscale data centers, is pleased to announce that it has secured a loan facility of up to $150 million from the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group, to fund the construction of the first phase of its hyperscale campus in Johor, Malaysia.  

As global economies rapidly adopt artificial intelligence and emerging technologies, the demand for digital infrastructure in Asia continues to intensify. IFC’s investment signifies a substantial vote of confidence in Yondr’s capabilities to deliver this monumental project as well as in Malaysia’s fast growing digital economy.  

Yondr’s Johor campus, located in Sedenak Tech Park, will become the largest hyperscale data center campus in Southeast Asia with 300MW+ IT load power capacity situated on 72.5 acres of land.  The campus will facilitate regional businesses’ access to latest generation AI-cloud workloads, helping boost productivity growth while enhancing the availability of digital services for individuals. Geographically, Johor is perfectly located due to its proximity to Singapore, offering important interconnectivity routes and scalable digital infrastructure. 

Today’s news follows the announcement in March 2024 that Yondr had energised its state of the art 275kV high voltage substation at the Johor campus, signifying a major milestone in developing the site’s power infrastructure.    

Chester Reid, Chief Financial Officer at Yondr, said: “We are very pleased to conclude this round of financing with IFC. Not only do our values and interests align but we are both organisations well versed in offering industry-leading expertise to develop digital infrastructure projects. This financing demonstrates the potential IFC sees not only in Yondr’s best in class capabilities but also in Malaysia’s digital economy, which is developing at pace. We look forward to expanding our growing relationship with IFC and partnering in Malaysia and other developing nations in the future”.

Paul Dillon, Chief Development Officer at Yondr, said: “From the onset, Yondr has made clear its intention to develop and grow our presence in Asia. We are delighted to share today’s news as we continue to positively contribute towards improving digital infrastructure in Malaysia as it seeks to become a digital-first economy”.

Katia Daude Gonçalves, Country Manager for Singapore, Malaysia, and Brunei at the International Finance Corporation, commented: “We are excited to partner with Yondr for this significant data center investment in Malaysia. This project will help increase and improve digital connectivity for individuals and businesses in a sustainable manner, while increasing the competitiveness of the burgeoning market for data-hosting services in the country.”

About Yondr Group
Yondr Group is a global developer, owner operator of hyperscale data centers. The company specialises in delivering and operating dedicated infrastructure that is engineered for scale. As an organisation, our mission ‘Global capacity responsible delivery’ ensures that we achieve our vision of a tomorrow without constraints. For more information, visit www.yondrgroup.com 

About the International Finance Corporation
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.  

 

Media Contacts:
Yondr
Louise Donkor, Marketing Communications Director
press@yondrgroup.com