Question
____________ has committed USD 150 million to invest in
the development of data centres that mostly serve emerging Asia.Solution
Asian Infrastructure Investment Bank (AIIB) has committed USD 150 million to invest in the development of data centres that mostly serve emerging Asia. This project is being AIIB’s 1st data centre project. AIIB’s investment of USD 100 million through a parallel fund structure and USD 50 million through co-investments mark the final close of KDCF II, a development fund making strategic investments in the fast-growing data center sector with a focus on the Asia Pacific.
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