Equinix reveals $85m Singapore expansion plans
08 January 2019 | Jason McGee-Abe
Equinix has released plans to build its fourth International Business Exchange (IBX) data centre in Singapore.
The new seven-story facility, called SG4, will provide interconnection and premium data centre services to help businesses with their IT transformation and cloud adoption initiatives.
The global interconnection and data centre company said that it was expanding its Singapore footprint to support the country’s growing role as a regional digital hub and Smart Nation plan. In Q3 2018, Equinix announced the completion of an expansion of the SG3 IBX data centre in Singapore that nearly doubled the size of the facility.
According to the second volume of the Global Interconnection Index, a market study published by Equinix, Singapore’s interconnection bandwidth capacity — a measurement of direct and private data exchange between businesses — is expected to more than quadruple by 2021, reaching 394Tbps at a CAGR of 47%.
The first phase of SG4, with an initial investment of $85.3 million (S$116.6 million), will provide more than 45,400 sq ft of colocation space, offering an initial capacity of 1,400 cabinets. SG4 is planned to accommodate more than 4,000 cabinets at full build out, with a total colocation space of more than 132,180 sq ft.
“At the heart of digital business in Asia-Pacific, Singapore plays a crucial hub role for many organisations in the region, generating skyrocketing demand for cloud and interconnection services,” said Samuel Lee, president of Equinix Asia-Pacific.
“With interconnection accelerating across the Asia-Pacific region, the new SG4 IBX data centre will create more opportunities for businesses, both locally and regionally, to interconnect with their customers, partners and stakeholders to achieve digital success, further enhancing the digital economies across Singapore and the region.”
SG4 will be strategically situated at the East of Singapore in one of the country’s five data centre clusters — Tai Seng Industrial Estate — providing location diversity from the three existing Equinix IBX data centres in Singapore.
SG4 will also provide software-defined interconnection through Equinix Cloud Exchange Fabric (ECX Fabric) to more than 1,300 businesses, including some of the largest cloud service providers (CSP): Alibaba Cloud, Amazon Web Services (AWS), Google Cloud Platform, Microsoft Azure, Oracle Cloud and Tencent Cloud. A recent report by Equinix found that more than seven in ten businesses (71%) are likely to move more of its business functions to the cloud over the coming years.
Directly connected to the three existing Equinix IBX data centres in Singapore – which comprises of more than 445,000 sq ft of colocation space – via low-latency dark fibre links, the SG4 IBX will enable customers to securely interconnect with approximately 600 companies from different industries, including financial services, cloud services, biomedical sciences, IT, communications, media, physical sciences and engineering.
Nishchal Khorana, director of digital transformation practice at Frost & Sullivan, said: “In Asia-Pacific, Equinix has been investing significantly in provisioning effective interconnection solutions for enterprises, enabling them to deploy a distributed IT infrastructure at the edge and privately connect with the centralised IT core. With the expansion in Singapore, Equinix’s presence in the region is becoming even more significant as it pushes its footprint beyond regional hubs to national edge metros.”
The global footprint of Platform Equinix presently spans 200 IBX data centres across 52 markets and 24 countries, providing data centre and interconnection services for more than 9,800 of the world’s leading businesses. In Asia-Pacific, Equinix has 40 IBX data centres across key metros, including: Australia, China, Hong Kong, Indonesia, Japan and Singapore.
SG4 is scheduled to open in Q4 2019.