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GDS International Enters Thailand with a Landmark $1 Billion Investment to Establish a Hyperscale Data Center Park

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BANGKOK, Nov. 5, 2024 /PRNewswire/ — GDS International, a pioneering high-performance data center developer and operator in Asia, has officially announced its entry into Thailand with a committed investment of up to USD 1 billion over the next five years to develop a hyperscale data center park in Chonburi province, southeast of Bangkok. This development represents a strategic expansion of GDS International’s portfolio of data centers, which provide essential infrastructure driving Asia’s digital economy.

The announcement was made during a meeting with Thai Prime Minister Paetongtarn Shinawatra at Government House in Bangkok, where GDS International underscored its commitment to playing a key role in Thailand’s digital transformation. Prime Minister Paetongtarn Shinawatra stated that the investment demonstrates investors’ confidence in Thailand’s thriving digital ecosystem and reinforces the country’s emerging position as a regional hub for cloud infrastructure and AI technology. She remarked that GDS International’s entry into Thailand exemplifies the nation’s strong potential to attract high-value investments in the digital sector, paving the way for further growth and innovation in ASEAN’s digital landscape. She affirmed that the government will provide full support and expressed her anticipation for GDS International’s contributions to Thailand’s digital growth.

The Thailand Board of Investment (BOI), which promotes high-impact investments, recently approved GDS International’s project as part of its push to make Thailand a regional tech hub. Mr. Narit Therdsteerasukdi, Secretary General of the BOI, said, “Thailand offers not only resilient digital infrastructure and stable, sufficient utilities but also a digitally engaged population, with government support that drives local demand. Its position as a neutral country, along with a commitment to technology neutrality, fosters a dynamic and open digital landscape for investors. The government is dedicated to advancing key areas, including the development of clean energy mechanisms. We are currently establishing a Direct Power Purchase Agreement (Direct PPA), specifically designed for data centers, and refining digital regulations to support advancements in AI technology.”

Government initiatives focused on digital transformation are designed to position Thailand as a regional hub for high-tech and digital infrastructure. GDS International’s investment aligns with these goals, building a foundation to accelerate Thailand’s digital economy and strengthen its influence within ASEAN.

William Huang, Chairman of GDS International, expressed, “Our investment in Thailand aligns with our vision of advancing the digital economy across Asia. Our goal is to build a cutting-edge data center park that not only meets Thailand’s cloud and AI infrastructure needs but also fosters a thriving data center ecosystem. With the support of the Thai government, the BOI, and the Industrial Estate Authority of Thailand (IEAT), GDS International is committed to strengthening Thailand’s role as a digital leader in ASEAN, fostering a dynamic and interconnected digital economy.”

Jamie Khoo, CEO of GDS International, stated, “The rise in AI workloads is driving increased demand for colocation services, as businesses leverage AI to enhance processes and efficiency. GDS International is committed to being a reliable partner in advancing Thailand’s digital infrastructure. This investment will create employment opportunities and support skill development. By collaborating with local industry players and educational institutions, we aim to equip the Thai workforce with essential digital skills for the future.”

Following the announcement, GDS International solidified its plans by signing a comprehensive partnership agreement with AMATA Corporation Public Company Limited, Southeast Asia’s leading industrial real estate developer and operator. The agreement covers land acquisition at the AMATA City Chonburi Industrial Estate and provides access to renewable energy such as floating solar power.

Jamie Khoo, CEO of GDS International, said, “Thailand’s southeast data center cluster in Chonburi has become increasingly attractive to meet the rising demand fueled by the nation’s rapid digital transformation. We selected AMATA as our strategic partner for its impressive scale—hosting around 800 factories and commercial outlets—and its reliable, comprehensive utilities and infrastructure that support diverse needs. Amata City Chonburi Industrial Park offers an ideal site for GDS International’s data center development, with the presence of available zones, proximity to subsea cable landing stations, and secure location outside floodplains.”

“We are thrilled that GDS International has chosen AMATA for its first hyperscale data center project in Thailand,” said Vikrom Kromadit, Chairman of AMATA. “GDS International, a data center pioneer in Asia, brings expertise in developing and operating next-generation digital infrastructure, shaping the future of related industries across Thailand and the broader region. Our commitment to supporting diverse industry needs, especially in line with current investment trends, is demonstrated through our integrated approach and ability to provide tailored solutions across the full spectrum of utilities and infrastructure required for successful operations. We view this partnership as a valuable opportunity to grow together and shape the future.”

GDS International will incorporate renewable energy solutions, aligning with Thailand’s carbon neutrality goals to ensure sustainable operations. The planned hyperscale data center park will incorporate advanced technologies, including liquid-cooling systems, to enhance energy efficiency.

Thailand, the second-largest economy in Southeast Asia with a population exceeding 70 million, is rapidly emerging as a prime location for AI and high-performance computing workloads. Supported by strong connectivity to the SIJORI region, the network will enable GDS International to expand platform coverage and enhance service offerings across Southeast Asia.

With a strong presence across Singapore, Malaysia, Indonesia, Hong Kong, and Japan, GDS International’s portfolio currently comprises 480 MW of data center capacity in service and under construction, with an additional 590 MW held for future development. This investment in Thailand marks a significant expansion of GDS International’s regional footprint and reflects its commitment to advancing Thailand’s digital infrastructure, supporting the country’s ambition to become a leading digital hub in ASEAN, and fostering a connected data ecosystem that drives digital economies across the region.

About GDS International

GDS International is a data center pioneer in Asia that develops and operates next-generation digital infrastructure for industry leaders who demand reliable, quickly scalable, and cost-effective solutions.

Our cutting-edge data centers empower hyperscalers and large enterprises to connect with and support their customers, spur innovation, and shape the futures of their industries across Singapore, Malaysia, Indonesia, Hong Kong SAR, Japan, and beyond.

Headquartered in Singapore, GDS International’s leadership team has more than 20 years of experience building Asia’s largest data center business and creating new markets to support global customers, including pioneering the development of the SIJORI (Singapore, Johor, and Riau Islands) region as a global hub for data centers.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/gds-international-enters-thailand-with-a-landmark-1-billion-investment-to-establish-a-hyperscale-data-center-park-302296530.html

SOURCE GDS International

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Get into your Aquarium ERA at Ripley’s Aquarium of Canada

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Themed Events, Photo Ops, and More During the Eras Tour in Toronto!

TORONTO, Nov. 5, 2024 /CNW/ – Are You Ready For It? Whether you’re in town for Taylor Swift’s Eras Tour or just looking to soak up the vibrant atmosphere, don’t leave a Blank Space in your schedule! Ripley’s Aquarium of Canada is thrilled to bring you special Taylor Swift-themed activities to celebrate the Eras tour landing in TAY-ronto!

Event Details
On November 14th/15th/16th and 21st/22nd/23rd, from 9:00 AM9:00 PM, visitors of all ages can dive into a world of Swiftie fun, where Taylor’s music meets the magic of the deep blue sea. Fans can expect exclusive themed activations, including:

Friendship Bracelet Bead Stations: Create and exchange your own bracelets from 11:00 AM5:00 PM.Eras-Themed Photo Ops: Show off your tour outfit at our Midnights inspired photo-op or snap a picture with our unique underwater friendship bracelet at Rainbow Reef.Mirrorball Lounge: Need a break? Stop by our 19+ lounge to relax before the big show at our magical Mirrorball Lounge.Create a TAY-masterpiece: Join us for Paint and Waves: The Taylor Era on November 15th and 22nd. Led by our expert instructor, this special edition of Paint and Waves will guide participants through creating Taylor-inspired artwork, all with a splash of underwater flair.

Underwater Wonderland Awaits
Immerse yourself in our Bejeweled galleries and stroll along the moving walkway in Dangerous Lagoon while sharks, sawfish, and turtles swim overhead. All this while listening to All Too Well (10-minute version of course!)—a perfect soundtrack to discover your own underwater Wonderland!

Exclusive Ticket Discount
Purchase your tickets in person and share your favourite Taylor Swift album with our team to receive 25% off your admission. (Discount valid November 14-24, for up to 6 tickets)

We’re Enchanted to SEA You!

For more information and to purchase tickets, visit www.ripleysaquariumofcanada.com 

SOURCE Ripley’s Aquarium Of Canada

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ewpartners Announces $50 Million Strategic Investment in Leshines to Localize Manufacturing in the Middle East

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Leshines is the supply chain solution provider of Lenovo Group, which ranks among the top ten on Gartner’s prestigious Top 25 supply chain list.The move reinforces ewpartners’ and Leshine’s commitment to fostering local industrial growth and empowering enterprises in Saudi Arabia.

RIYADH, Saudi Arabia, Nov. 5, 2024 /PRNewswire/ — ewpartners (formerly eWTP Arabia Capital), the first international investment firm to establish a Saudi-Asia cross border platform, has announced a USD $50 million investment in Leshines, the supply chain solutions arm of Chinese multinational tech company Lenovo at The Future Investment Initiative (FII), a premier global platform that drives transformative investments and fosters international partnerships for sustainable economic growth.

The investment accelerates the localization of Leshines capabilities in Saudi Arabia, further strengthening the Kingdom’s position as a vital player in sustainable global trade networks and supply chain operations.

Five months ago, Lenovo and PIF-backed company Alat announced a strategic collaboration, including a proposed US$2 billion investment. Today, this partnership is set to advance to the next step.

Leshines is also exploring the option of entering the KSA-Sino Logistics Special Economic Zone at King Salman International Airport in Riyadh, an initiative which was announced by the Saudi Ministry of Transport and Logistics earlier this month. Managed by ewpartners, the Zone will cover a total area of 4 square kilometres and consist of a logistics industrial park, an international commercial and business park, and corresponding living space and facilities. It will enable international companies to manufacture locally in Saudi and then springboard their distribution to other markets worldwide. It is expected to attract over 3,000 wholesalers and retailers and around 200 light industrial manufacturers from China and Asia.

Jerry Li, Founder and Managing Partner at ewpartners said the following on the announcement:

“This investment is a significant step towards building the future of Saudi Arabia that we all envision, and we are actively working to establish this goal. Our investment in Leshines underscores our commitment to this project and our determination to foster local industrial growth and the development of Saudi enterprises. By partnering with Leshines to bring advanced supply chain solutions to Saudi Arabia and the MENA markets, we further assist Chinese companies in exploring localized production and empower local enterprises, aligning with the Kingdom’s Vision 2030.”

Alan Zhou, COO of Leshines, commented on the announcement:

As Lenovo’s smart supply chain solution platform, Leshines will take this opportunity to establish roots in Saudi Arabia, focusing on the MENA region, and build the foundational strategic capabilities of an advanced digital supply chain. As a globally leading strategic fund, ewpartners’ strategic resources and unique advantages in KSA, the Middle East, and emerging markets perfectly match Leshines’ strategic vision and development roadmap. With solid support and a strong partnership with ewpartners, we are confident that Saudi Arabia will become an important node in the Smart Supply Chain Platform, contributing to the Kingdom’s Vision 2030.

The investment in Leshines marks the first transaction for ewpartners Fund II. Amid the growing synergy between China and the Middle East, ewpartners’ investment model has garnered recognition from key stakeholders in the region. Supported by Saudi Arabia’s sovereign wealth fund, ewpartners has also recently secured commitments from other GCC sovereign wealth funds, including USD 150 million from the Oman Investment Authority.

About ewpartners

ewpartners (formerly eWTP Arabia Capital) is an international investment firm specialising in cross-border investments between Asia and the MENA region. Backed by the Public Investment Fund (PIF), the firm has been active in Saudi Arabia since 2017 and was the first investment firm to launch a cross-border platform between the Kingdom and China.

Headquartered in Riyadh, ewpartners focuses on building value across borders by establishing strategic partnerships with exceptional companies. Our team’s expertise in shaping innovative conducive policy frameworks can support governments in fostering economic transformation and diversification driven by innovation and technology.

ewpartners is committed to investing in, supporting, and growing successful businesses across the Asia and MENA regions, with a focus on key industries and themes such as digital infrastructure & solutions, advanced manufacturing & energy transition, and logistics & consumer enablement.

About Leshines:

Lenovo Group is a global tech giant. For three consecutive years, Lenovo has ranked among the top ten on Gartner’s prestigious Top 25 supply chain list. As the strategic empowerment platform of Lenovo Global Supply Chain, Leshines is tasked with the important mission of driving supply chain transformation and upgrading through technological innovation. Drawing on Lenovo’s global industry strengths and management expertise, Leshines delivers digital international supply chain solutions tailored to the evolving needs of Chinese manufacturers expanding overseas.

About the KSA-Sino Logistics Special Economic Zone

The Special Economic Zone is a collaboration between ewpartners and the King Salman International Airport Development Company (KSIADC) and was announced on 13th of October 2024. The initiative is supported by the Ministry of Transport and Logistics and is one of several recently announced initiatives designed to strengthen supply chains and streamline trade, e-commerce and investment in line with the Kingdom’s Vision 2030. The project aims to create an integrated ecosystem that will encompass global enterprises, logistic facilities, supply chains, and high-end manufacturing, significantly bolstering Saudi Arabia’s regional and global distribution capabilities. International companies will establish manufacturing capabilities within the Zone and collaborate with Saudi enterprises to produce locally for distribution to markets around the world.

Photo – https://mma.prnewswire.com/media/2549392/ewpartners_Leshines.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/ewpartners-announces-50-million-strategic-investment-in-leshines-to-localize-manufacturing-in-the-middle-east-302296652.html

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Two Prime Lending Limited Surpasses $1 Billion in Loan Volume, Marking Milestone in Digital Asset Financing

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Two Prime Lending surpasses $1 billion in loan volume and broadens product line to include both unsecured BTC and secured altcoin lending options.

BRITISH VIRGIN ISLANDS, Nov. 5, 2024 /PRNewswire-PRWeb/ — Two Prime Lending Limited, a BVI-registered leading provider of debt financing for digital assets, has surpassed $1 billion in total loan volume just nine months after entering the market. With a primary focus on secured lending against major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), the company has recently expanded its offerings to include unsecured BTC and secured loans against top altcoins.

The achievement underscores Two Prime Lending’s commitment to client security, industry-leading rates, and a lending model that prioritizes transparency and client safeguards.

The achievement underscores Two Prime Lending’s commitment to client security, industry-leading rates, and a lending model that prioritizes transparency and client safeguards. In contrast to other failed industry models, Two Prime Lending does not trade or rehypothecate assets. Instead, collateral funds are securely held in bankruptcy-remote custody, providing clients with unmatched peace of mind. Lending, the company emphasizes, should be incredibly boring – a stance that has bolstered confidence among clients and stakeholders alike.

“It’s been amazing to see the demand in the market for lending return,” said Alexander Blume, company spokesperson. “We are just at the beginning of this lending renaissance, with trusted, transparent, and reliable companies leading the charge. From public miners, to crypto OGs, to asset managers, Two Prime Lending is thrilled to see so much traction. Looking at the future pipeline, this is only the start.”

The rapid growth of Two Prime Lending speaks to the resurgence of demand for secure, transparent lending in the digital asset market. Looking ahead, the company anticipates substantial future demand for its offerings. A primary challenge in the market remains sourcing high-quality capital at competitive rates, which the company continues to address through its extensive relationships across capital markets, with access to over $2.5 billion in available credit facilities.

In addition to its core lending services, Two Prime Lending sees strong interest in combining loans with capital-efficient derivatives trading, allowing clients to earn yield on their assets while their loans are active, often offsetting the cost of the loan.

ABOUT TWO PRIME LENDING

Two Prime Lending Limited, incorporated in the British Virgin Islands, is the premier debt financing provider for digital asset markets. The company’s extensive relationships in capital markets and access to over $2.5B in capital have made it the most trusted name for miners, asset managers, family offices, and retail lenders. With a team of seasoned professionals combining decades of financial industry experience with deep crypto market knowledge, Two Prime Lending delivers sophisticated and competitive lending solutions that enable growth and opportunity for its clients.

For more information, visit www.twoprimelending.com or contact info@twoprimelending.com.

Fast Facts:

$1 Billion in loan volume executed in 9 months$2.5 Billion+ in available credit facilities<10% Interest Rate for competitive and accessible lending$30 Million average loan size

Key Features:

Assets are never traded or rehypothecatedCollateral remains in segregated, secured custodyFunds held are bankruptcy-remote for client security

Media Contact

Christina Strauss, Two Prime Lending, 1 865 413 0389, cs@twoprimelending.com, https://www.twoprimelending.com/

View original content:https://www.prweb.com/releases/two-prime-lending-limited-surpasses-1-billion-in-loan-volume-marking-milestone-in-digital-asset-financing-302296137.html

SOURCE Two Prime Lending

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