Singapore-based data center developer Racks Central has secured $1 billion in investment from the China-ASEAN Investment Cooperation Fund (CAF) II to further develop data centers across Singapore, Malaysia and Indonesia.
Artist's impression of the Racks Central Johor AI Campus in Pasir Gudang, Malaysia. – ESR
The funds will be used for expansion along the corridor spanning Singapore; Johor, Malaysia; and Batam, Indonesia. The developments will be built for AI and hyperscale demand.
APAC real asset owner and manager ESR is acting as sub-advisor on the investment.
“We are pleased to welcome ESR and CAF II as strategic partners,” said Bobby Wee, founder and CEO, Racks Central. “Their capital commitment and infrastructure expertise will support our ambition to develop a seamless, AI‑ready data center corridor across Southeast Asia, enabling our customers to scale efficiently as regional digital demand continues to grow.”
