The International Finance Corporation has approved a financing package of up to $175 million for AirTrunk Group’s hyperscale data-centre facilities in Johor, Malaysia, supporting a major expansion of cloud and AI-ready infrastructure in the Asia-Pacific region. The package, comprising debt financing and equity investment, is directed at AirTrunk’s JHB1 and JHB2 facilities. JHB1 is a 150MW hyperscale data centre that is already fully contracted, while JHB2 is a 270MW greenfield development planned on an adjacent site.
The financing approval was pending signing by the IFC board as of July 14. The stated objective is to expand infrastructure required for delivery of more digital services in Malaysia and the wider Asia-Pacific region. IFC also expects the projects to support job creation during both construction and operations, while strengthening competition in the data-hosting services market in Malaysia and the East Asia-Pacific region. AirTrunk’s key shareholders include Blackstone and the Canada Pension Plan Investment Board.
The Johor facilities are part of AirTrunk’s broader Malaysia platform. AirTrunk announced JHB2 in February 2025 as its second cloud and AI-ready data centre in Malaysia, located in Iskandar Puteri in the Johor region and scalable to more than 270MW. At that time, the company said JHB2 would support demand from global public cloud and technology companies and would follow the opening of its first Johor data centre, JHB1, which has more than 150MW of capacity. The combined investment in the two facilities was described at the time as RM9.7 billion, or A$3.5 billion, providing more than 420MW of IT load.
AirTrunk has continued expanding its Johor footprint. In April 2026, the company announced two additional Johor Bahru campuses, JHB3 and JHB4, with a combined capacity of more than 280MW and a planned investment of MYR12 billion, or about $3 billion. Across four Malaysia campuses, AirTrunk said its platform would offer more than 700MW of IT load and represent total committed investment of approximately MYR27 billion, or $6.8 billion.
The financing underscores Southeast Asia’s role as a fast-growing data-centre hub as cloud providers, AI companies and digital platforms seek large-scale capacity close to major demand centres. Johor’s proximity to Singapore, available land and regional connectivity have helped position it as a major availability zone for hyperscale infrastructure. As India also competes for AI and cloud investment through data-centre incentives, sovereign AI programmes and hyperscaler commitments, regional capacity additions in Malaysia form part of the wider APAC infrastructure map that technology buyers and providers will evaluate.
