The International Finance Corporation (IFC), under the World Bank, will finance up to $175 million for AirTrunk Malaysia Sdn. Bhd., supporting the development of two hyperscale data centers totaling 420 MW in Johor Bahru, Malaysia.

The investment combines debt financing and equity, was approved by the IFC board on May 29, 2026 and is currently pending signing, according to a disclosure of the IFC on Monday.

The project covers two facilities located within the Southern Industrial and Logistics Cluster (SILC) in Iskandar, Johor Bahru. The facility covers 520 hectares of industrial area with access to Singapore and port infrastructure.

The first facility, JHB1, is an existing data center of over 150MW. The second, JHB2, is a greenfield development of over 270MW to be constructed on an adjacent site.

Power to both facilities is supplied by Malaysian utility company Tenaga Nasional Berhad (TNB). Water supply for the state of Johor is operated under a concession by Ranhill SAJ (RSAJ).

The project can contribute to direct and indirect job opportunities during both the construction and operational stages. It can enhance the competitiveness of the data hosting services market in Malaysia and the East Asia and Pacific region.

AirTrunk’s key shareholders are Blackstone, a global alternative asset manager, and the Canada Pension Plan Investment Board (CPPIB), a global investment management firm.

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