MALVAR, BATANGAS – YCO Cloud Centers is investing $500 million in a state-of-the-art data center facility in Malvar, Batangas, located in a master-planned industrial park.
Monica Gonzalez, the lead for Santos Knight Frank (SKF) Occupier Solutions and Services Manager for Data Centers, told the Philippine News Agency on February 17 that YCO Cloud Centers (YCC) intends to invest US$500 million (PHP25.7 Billion) in the country over the next three years.
“YCO Cloud Centers is eyeing a total capital deployment of US$500 million over the next three years in multiple projects, beginning with their flagship data center project, YCO Manila Digital 1,” Gonzales added.
YCO Manila Digital 1, the first of several planned carrier-neutral, colocation, and enterprise-size data centers serving the greater Manila region, will be developed by YCO Cloud Centers. The project will act as a necessary step for the growth of digital enterprises in the Philippines.
“The Philippines is a leading, dynamic technology and digital hub in the APAC region but underserved in terms of state-of-the-art data center and digital infrastructure,” said YCC Chief Executive Officer Nik de Ynchausti in a statement issued earlier last week.
“The demand for colocation, 5G, internet and cloud services continues to grow rapidly. Our data center will address interest from enterprises seeking to scale their mission-critical workload in the region,” the executive added.
Meanwhile, according to Gonzales, the Philippines’ investment-friendly economy and government support boost data center companies’ interest. In addition, the government recently stated its intention to build the Philippines as Asia Pacific’s next strategic hyper scalers hub.
“With that is the commitment to support the incoming players with laws, policies, investments and promotions, investment promotions, and incentives to help these operators establish his favourite facilities in the country,” she said.
The government has also promised to assist the country’s businesses and industries in digitizing to benefit from the digital revolution, implying that these sectors will be a major source of demand for data center operators. – WhatALife!