Singapore, Indonesia, 05 Jun 2025 - As part of ongoing efforts to expand Southeast Asia’s digital infrastructure, DBS and UOB have jointly provided a landmark IDR 6.7 trillion (SGD 530 million) loan[1] facility to finance the development of a new data centre campus in Batam, Indonesia. The data centre project, jointly developed by Singapore-based data centre developer and operator DayOne and the Indonesia Investment Authority (INA), is backed by the largest rupiah-denominated financing agreement ever secured for such a development. The initiative marks a significant expansion of DayOne’s presence in Indonesia and represents INA’s first investment in the sector.[2] .[3] , the region’s demand for data centres is expected to surge up to 6.5GW by 2030, triple the existing capacity as of 2023. This is driven by the region’s continued digital transformation, growing regional connectivity and the acceleration of artificial intelligence adoption. The Singapore-Johor-Batam corridor – a major hub for data traffic in Southeast Asia – is projected to meet as much as half of this demand, with the corridor’s capacity estimated to reach up to 3.3GW by 2030. said, “This landmark transaction is a strategic investment in the future of Southeast Asia’s digital economy. Expanding the region’s data centre capacity will accelerate the digital transformation of businesses within the region as they embrace solutions such as artificial intelligence, cloud services and real-time processing. The strengthened digital connectivity between Indonesia and Singapore better positions both markets to capture growing regional demand for computing power. We are honoured to have leveraged our deep knowledge of the data centre industry and strong relationship with both sponsors to bring this transaction to fruition.”[1] Exchange rate as of 4 June 2025[2] INA and GDS collaborate to develop data center in Nongsa Special Economic Zone[3] Accelerating Compute Needs Underpin Southeast Asia’s Rapid Data Center Growth, Boston Consulting Group
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About DBS World’s Best Bank ” by Global Finance, “World’s Best Bank ” by Euromoney and “Global Bank of the Year ” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank ” by Euromoney and the world’s “Most Innovative in Digital Banking ” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia “ award by Global Finance for 16 consecutive years from 2009 to 2024.www.dbs.com .About UOB 