SoftBank, Grab Commit Billions to Build Malaysia AI Infrastructure

TOKYO/SINGAPORE, Nov. 9, 2026 – SoftBank Group Corp., Grab Holdings Ltd. and Petroleum Sarawak Berhad (PETROS) have signed joint development agreements to build large-scale artificial intelligence infrastructure in Malaysia, backed by an initial combined seed capital commitment of US$1.85 billion.

The partners said the investment will support a multi-year plan to develop AI compute capacity across Sarawak and Peninsular Malaysia, with a long-term target of five gigawatts or more. The facilities are expected to rank among Asia’s largest AI infrastructure hubs and provide advanced computing capabilities to governments, multinational corporations and smaller businesses.

SoftBank, Grab Commit

Under the proposed financing structure, SoftBank will contribute US$1 billion, Grab US$750 million and PETROS US$100 million. Funding will be deployed in stages as projects meet development milestones, secure customer contracts and satisfy regulatory and commercial conditions.

The Sarawak project will receive an initial US$1 billion investment, while the Peninsular Malaysia initiative will begin with US$850 million in seed capital. The companies also plan to attract additional investors and hyperscale technology firms to expand the projects.

The initiative aligns with Malaysia’s AI Nation 2030 strategy and Sarawak’s development goals. The partners said the projects will emphasize renewable energy use, infrastructure efficiency and workforce development, creating high-value jobs and helping position Malaysia as a leading regional AI hub in Southeast Asia.

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