Business

Singaporean Firm to Develop Two Data Centers in Kazakhstan

Aiding the plans of the Central Asian nation in developing AI, Singaporean firm GK Hyperscale Ltd will construct two major data processing centers (DPCs) in Kazakhstan’s Akmola and Karaganda regions.

The agreement was signed by Kazakhstan’s Minister of Digital Development, Innovations, and Aerospace Industry Zhaslan Madiev, and GK Hyperscale CEO Michael Dickerson, and the deal is expected to bring in $1.5 billion in foreign direct investment to construct Tier 3-compliant data centers, an international standard defined by the Uptime Institute that ensures high reliability and availability.

These facilities will provide essential infrastructure for the growth of cloud computing, AI, and high-performance computing in Kazakhstan.

Attracting Global IT Firms

The Kazakh Minister said that this project, in both scale and quality, will attract global technology giants such as Microsoft, Google, and Amazon, as well as companies specialising in big data and AI. It will bolster Kazakhstan’s position as a digital hub in Central Asia and drive the expansion of IT service exports, he said.

The project will create more than 360 highly skilled jobs, while the share of local content will amount to at least $1.2 billion, and will be invested in acquiring and upgrading a power plant to serve the new infrastructure. Funds will also support the construction of a wind farm and an energy storage system to ensure a stable power supply.

According to Madiev, at least 50% of the data centers’ revenue is expected to come from export contracts.

Construction is scheduled to begin in the first quarter of 2026, with the first data center module expected to come online in 2027.

Global Business Magazine

Recent Posts

Emaar leads the way as developers show Dubai real estate strength in depth

fäm Properties report reveals Azizi dominating affordable market in 2026 and topping overall sales transactions…

2 days ago

Iraq’s Banking Reforms Gain Pace as Baghdad Pushes for a More Digital Financial System

Iraq's banking sector is undergoing one of its most significant transformations in decades, with Baghdad…

3 days ago

DUBAI’S LUXURY MARKET IS BEING RESHAPED BY CAPITAL DISCIPLINE

By Talal M. Al Gaddah, CEO and Founder of the Keturah luxury brand Global luxury…

4 days ago

Record rental activity marks strong month for Dubai real estate

Sales surge across all property segments as June takes Q2 deals to 38,157 worth AED110.2 billion  …

4 days ago

Luxury off-plan homes bring AED 3.72 billion June sales

Keturah founder says premium property market keeps proving its durability as villa, apartment deals average AED…

4 days ago

Jordan’s Luxury Hospitality Sector Enters a New Chapter as High-End Tourism Investment Gains Momentum

Jordan's luxury hospitality and lifestyle sector is witnessing renewed momentum as international hotel brands, premium…

6 days ago