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AIIB to Invest in Development of Data Centres Serving in Asia

Published on January 24, 2022
Current Context: The Asian Infrastructure Investment Bank (AIIB) will be investing in the development of data centers which will be dedicated to serving in emerging Asia.
AIIB to Invest in Development of Data Centres Serving in Asia
  • Thus, AIIB will be investing $150 million for the same.
  • In this regard, AIIB will arrange funds through the Keppel Data Centre Fund II (KDCF II).
  • The KDCF II is the private equity vehicle managed by Alpha Investment Partners Limited (Alpha).
  • This investment will be AIIB’s first data center project.
  • AIIB will invest USD 100 million through parallel funds structure and USD 50 million through co-investment in KDCF II.
  • Static Part: 
    • HQ of AIIB: Beijing, China
    • President of AIIB: Jin Liqun

Question: 

Q.1 Which organization to invest $150 million in the development of data centers that will be dedicated to serving in emerging Asia?
a. Asian Development Bank
b. International Monetary Fund
c. World Bank
d. Asian Infrastructure Investment Bank
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