Equinix to Build Its Fifth IBX Data Center in Singapore

​Equinix, a leading digital infrastructure company, announced that it has invested $144 million in the first phase to build its fifth International Business Exchange™ (IBX®) data center in Singapore, meeting the growing demand for cloud connectivity for enterprises as they transform digitally.

The new facility, which is named SG5, is scheduled to open in H1 2021, providing an initial capacity of more than 1,300 cabinets in the first phase.

According to the announcement, SG5 will provide essential digital infrastructure support and global connectivity that will enable enterprises to build and expand their cloud ecosystems to fast-track their digital advantage.

Sandra Ng, Group Vice President, Practice Group, IDC Asia/Pacific said:"Digital infrastructure is key to success and competitive advantage for enterprises in the next normal. 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."

Jeremy Deutsch, President, Equinix Asia-Pacific added:"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 multicloud 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."

As a regional hub and a gateway for Asia-Pacific, Singapore serves as a key location to many multinational corporations in the region. To this end, Equinix has made significant investments into developing Singapore's digital infrastructure over the years.