SoftBank, Grab Commit $1.85 Billion to Build AI Infrastructure in Malaysia with PETROS

The investment will support two AI infrastructure projects in Sarawak and Peninsular Malaysia. The facilities are expected to provide computing capacity for AI development and could become among the largest AI infrastructure projects of their kind in Asia.

Investment Breakdown

The US$1.85 billion investment is divided between two projects.

- Sarawak Project: The project will receive an initial investment of US$1 billion, including US$800 million from SoftBank, US$100 million from Grab, and US$100 million from PETROS. Grab also has the option to increase its stake, which would reduce SoftBank's ownership while keeping it as the majority shareholder.

- Peninsular Malaysia Project: This project will receive US$850 million in initial funding, with US$650 million from Grab and US$200 million from SoftBank. Grab will lead the development and bring in additional long-term strategic investors as the project expands.

AI Infrastructure Development Plans

The companies plan to develop AI computing capacity across Sarawak and Peninsular Malaysia, with a long-term target of at least five gigawatts (GW).

The projects will also seek additional investors and hyperscale customers to support their expansion. The infrastructure is intended to support growing demand for AI computing resources and locally developed AI solutions across Southeast Asia.

Leadership Comments

Masayoshi Son, Chairman and CEO of SoftBank Group, said AI infrastructure would support the next phase of economic growth. He added that Malaysia has the talent and ambition to become a leading player in the AI sector.

Anthony Tan, Co-founder, Chairman, and CEO of Grab, said the infrastructure would be developed in Malaysia, where Grab started its business. He highlighted the project's focus on supporting Southeast Asia, developing localised AI solutions, and creating high-value jobs.

Supporting Malaysia's AI Strategy

The projects align with Malaysia's National AI Action Plan 2026–2030, which supports the country's ambition to become an AI-driven nation by 2030.

The planned facilities will follow Malaysia's renewable energy guidelines. Their design will focus on improving energy efficiency, reducing water consumption, and limiting dependence on the local electricity grid.

About the Companies

SoftBank Group is a Japan-based investment holding company with businesses and investments across technology, artificial intelligence, telecommunications, and other sectors. It invests in companies and technologies that support digital transformation and innovation.

Grab Holdings is a Singapore-based technology company operating across Southeast Asia. Its platform provides services in ride-hailing, food delivery, digital payments, and financial services.

Petroleum Sarawak Berhad (PETROS) is a Sarawak-based integrated oil and gas company. It operates across the energy sector and supports the development of Sarawak's energy resources.

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