JAKARTA – Bank DBS Indonesia and Bank UOB Indonesia have extended a substantial loan of IDR 6.7 trillion to support the development of a data centre campus initiated by DayOne and the Indonesia Investment Authority (INA).

DBS and UOB claim that this loan marks the largest rupiah-denominated financing agreement to date for the development of a data centre campus.

According to an official release received by IDNFinancials.com, the three data centres will be developed in Nongsa Digital Park, Batam, and are expected to serve as a digital bridge between Singapore and Indonesia.

“Stronger digital connectivity between Indonesia and Singapore places both countries in a better position to meet the region’s growing demand for computing power,” said Lim Chu Chong, President Director of PT Bank DBS Indonesia, in the release.

According to Boston Consulting Group, data centre demand in the ASEAN region is projected to soar to 6.5 GW by 2030, with the Singapore-Johor-Batam corridor expected to contribute up to 3.3 GW, or half of that total.

The project marks INA’s first investment in the data centre development sector, and DayOne’s entry into the Indonesian market. DayOne is a data centre operator based in Singapore.

“Our campus will be home to the most advanced data centre in Indonesia, AI-ready and built to support the next wave of digital transformation,” said DayOne CEO Jamie Khoo.

The data centre campus is expected to be completed by the end of 2025, with a combined capacity of up to 72.4 MW.

“This represents 5 percent of total data centre capacity in Southeast Asia, which is projected to reach 1.41 GW by 2029,” stated DBS and UOB in the official release. (ZH)