LONDON - AIQ Limited (LSE:AIQ), a company listed on the London Stock Exchange (LON:LSEG), has announced a Memorandum of Understanding (MoU) with Dubai-based Centslink to pursue data center construction projects in Southeast Asia. The partnership aims to leverage Centslink’s expertise in data center infrastructure and AIQ’s local knowledge and network to capitalize on the region’s rapidly growing demand for data center services.
Centslink specializes in the comprehensive development of data center solutions, offering services from site selection and feasibility studies to design, integration, and maintenance. The company has a proven track record in delivering projects for various sectors, including energy, government, finance, and telecommunications.
With the Southeast Asian data center construction market expected to grow from $5.4 billion in 2024 to $11.8 billion by 2030, AIQ and Centslink are positioned to jointly explore opportunities within this expanding market. The collaboration may also open doors for AIQ to engage with Centslink’s partners, potentially leading to further business prospects.
Despite the promising outlook, AIQ’s Executive Director, Li Chun Chung, notes that there is no certainty that the partnership will result in contracts or revenue generation. However, he expressed optimism about the strategic alliance, stating, "The market for data centers in Southeast Asia is significant and by combining our expertise and experience, we are well-positioned to capitalize on the demand for the construction of new facilities."
The details of the partnership were not disclosed, and AIQ plans to inform shareholders about the progress of the venture in the future.
This news is based on a press release statement and reflects the current strategic moves by AIQ as it seeks to expand its presence in the data center construction industry in Southeast Asia.
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