Digital infrastructure company, Equinix announced its fifth IBX data center in Singapore with an initial investment of US$144 million in the first phase. The purpose-built facility will be named SG5 and will meet the demand for cloud connectivity for enterprises.
1,300 cabinets in the first phase
The facility is expected to open in the first half of 2021 and it will provide more than 1,300 cabinets and approximately 1,710 square meters of colocation space in the first phase. When fully built, the nine-story facility is expected to provide approximately 5,000 cabinets, with a total colocation space of close to 12,000 square meters.
With the addition of the SG5 IBX to Platform Equinix, it will provide essential digital infrastructure support and global connectivity that will allow businesses to build and expand their cloud ecosystems. SG5 will be directly connected to the four existing Equinix IBX data centers in the country via dark fiber links and will enable customers to securely interconnect with more than 705 companies in the market. Jeremy Deutsch, President, Equinix Asia-Pacific, said,
“As the global economy and the Asia-Pacific region continue to grow, we see a strong demand for digital infrastructure to support business growth. This is especially evident in Singapore, which is proving to be a key hub for digital business in the region. Traditional infrastructure is struggling to keep up with this digital demand, leading enterprises to explore hybrid and multi-cloud options to further their transformation. The SG5 IBX data center aims to create more opportunities for enterprises in the region to build a strong digital foundation, enabling them to develop into the digital leaders of tomorrow.”