In a statement, IFC said the campus is expected to have a 300-megawatt IT load and cover 29.34 hectares (72.5 acres), with a senior loan of US$150 million (RM705.26 million).

IFC is the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group.

Its country manager for Singapore, Malaysia, and Brunei Katia Daude Goncalves said this project would help raise and improve digital connectivity for individuals and businesses sustainably while increasing the competitiveness of the burgeoning market for data-hosting services in the country and the region.

“On completion, the project which is in Johor Bahru’s Sedenak Tech Park is expected to be the largest data centre campus in Asia Pacific’s emerging markets.

“This is in terms of combined metrics of land size and committed power capacity,” he added.

IFC said the data centre to be certified by the Excellence in Design for Greater Efficiencies (EDGE) green building programme, which is IFC’s green building certification system focused on making buildings more resource-efficient.

Meanwhile, Yondr CEO Chester Reid said the financing demonstrates the potential IFC sees in the company’s best-in-class capabilities and Malaysia’s growing digital economy.

“We look forward to expanding our growing relationship with IFC and partnering in Malaysia and other developing nations,” he said.

Yondr Group is a global developer and owner-operator of hyperscale data centres.

The project is IFC’s third investment in Malaysia since establishing a presence in the country last year.

In December 2023, IFC also provided China’s Shandong Intco Recycling Resources Co Ltd with a US$70 million (RM329.11 million) loan to build a multi-material plastic recycling plant in Malaysia and support the working capital needs of its operations.