With an initial investment of $144 million in the first phase, the company said the facility will meet growing demand for cloud connectivity for enterprises as they transform digitally.
The SG5 data centre is scheduled to open in H1 2021, providing an initial capacity of more than 1,300 cabinets in the first phase.
“Digital infrastructure is key to success and competitive advantage for enterprises in the next normal,” said Sandra Ng, Group Vice President, Practice Group, IDC Asia/Pacific.
“IDC’s CEO research in early 2020 showed that the leading priority among CEOs in Asia-Pacific is building a digital IT infrastructure that supports resilient operations and pervasive experiences.
“Equinix's investment in Singapore will further strengthen the country’s digital infrastructure to support its Smart Nation journey as well as enterprise digitalization and resiliency.”
The first phase of the data centre will have a capacity of 1,300 cabinets and approximately 18,400-sqf of colocation space.
At full buildout, the facility is targeted to provide 5,000 cabinets, with a total colocation space of close to 129,000-sqf.
"As the global economy and the Asia-Pacific region continue to grow, we see a strong demand for digital infrastructure to support business growth,” said Jeremy Deutsch, President, Equinix Asia-Pacific.
“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 centre 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.”
The data centre will also be directly connected to the four existing Equinix IBX data centres in Singapore via low-latency dark fibre links and will enable customers to interconnect with more than 705 companies in the market.
The global footprint of Platform Equinix spans more than 220 IBX data centres across 63 metros. In Asia-Pacific, Equinix currently has 46 IBX data centres in key metros across Australia, China, Hong Kong, Korea, Japan and Singapore.
Equinix also recently announced its plan to build OS3 in Osaka, Japan, and PE3 in Perth, Australia.
"Singapore continues to thrive as a regional digital hub despite current pandemic and economic challenges,” said Yee May Leong, Managing Director, Equinix South Asia.
“Today’s businesses demand a solid digital infrastructure to grow and scale, leveraging vital ecosystems and cloud services via Platform Equinix.
“We are catering to the needs and demands of our customers by expanding our local footprint to enable regional and global growth as Singapore continues its Smart Nation journey and enterprises pursue digital transformation.”
