AIIB to invest $150 mn in development of data centres serving Asia

Many low- and mid-income countries lack their own domestic data infrastructure, and the disparities in data center penetration among countries with different income levels are wide

Multilateral bank Asian Infrastructure Investment Bank (AIIB), will invest $150 million in the development of data centers that mostly serve emerging Asia.

Beijing-based AIIB, where India is a key founding member, will channelise funds through the Keppel Data Centre Fund II (KDCF II), a private equity vehicle managed by Alpha Investment Partners Limited (Alpha).

This is AIIB’s first data center project. Multilateral development banks have been investing in digital infrastructure in the past. Now, such investments are becoming more essential nowadays with the acceleration of 5G technology and other high-speed/supercomputing digital infrastructure due to the pandemic.

AIIB’s investment of $100