Istanbul, Turkey, May 7, 2015 - IFC,
a member of the World Bank Group, is making a $25 million equity investment
in data center operator Zenium to support the development, construction,
and operation of a 12,000-square-meter facility in Istanbul, expanding
access to information technology infrastructure for businesses in Turkey.
Istanbul One will nearly double the city’s commercial datacenter capacity
and is the first wholesale data center in Turkey built to top industry
standards offering seamless, reliable services to Turkish and international
businesses. By leasing out commercial space, the center will enable firms
to focus on their core business and increase efficiency while maintaining
full ownership and control of their mission-critical equipment and applications.
“The investment by IFC, a sophisticated investor with a successful track
record supporting the technology sector in emerging markets, will allow
us to establish a strong base and continue expanding our business in Turkey,”
said Franek Sodzawiczny, the CEO and Founder of Zenium.
The new earthquake-resistant top-tier datacenter run by an internationally
experienced management team will boost the size and competitiveness of
Turkey’s data center market, satisfying demand from the country’s growing
business community and laying the foundation for the fast-expanding cloud
computing market to enter Turkey.
“In today’s world, IT infrastructure is increasingly important for economic
development,” said Atul Mehta, IFC Director, Telecoms, Media and Technology.
“Zenium’s new data center will provide a cost-efficient, reliable, and
secure environment for electronic information storage and processing to
Turkish and international companies, contributing to the creation of a
favorable business and investment environment in the country.”
IFC has supported private sector development in Turkey for 50 years. With
a $4.3 billion outstanding portfolio, Turkey is the third largest country
in IFC’s global portfolio. In line with the World Bank Group Turkey Country
Partnership Strategy for fiscal years 2012 to 2016, IFC has so far
invested approximately $2.8 billion in private sector projects in Turkey
over the last three years.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in about 100 countries, we use our capital, expertise, and
influence to help eliminate extreme poverty and boost shared prosperity.
In FY14, we provided more than $22 billion in financing to improve lives
in developing countries and tackle the most urgent challenges of development.
For more information, visit www.ifc.org