AIIB Commits USD 150 million investment in Data Center Development to Serve Emerging Asia

Asian Infrastructure Investment Bank (AIIB), a multilateral development bank has committed USD 150 million to invest in the development of data centres that mostly serve emerging Asia. This project is being AIIB’s 1st data centre project. India is a key founding member of AIIB.

The Beijing-based multilateral development bank, AIIB, will invest the fund through the Keppel Data Centre Fund II (KDCF II). KDFC II is a closed-end private equity vehicle managed by Singapore-based financial institution, Alpha Investment Partners Limited (Alpha).