How well evidenced is it
Construction or financing is evidenced, or several independent signals agree. The rules are fixed and published on the Methodology page.
Reaching this stage requires a dated construction source, which corroborates the project on its own.
Named funderYes
Disclosed clientNo
Committed or approved capitalYes
Dated, sized phaseNo
Three or more sourcesYes
Dated source in the last 24 monthsYes
AI workloads
StatusLikely
Google hyperscaler campus announced Feb 2025 (build-and-lease + owned parcel)
Stage history
Who is behind it
OperatorGoogle (Pearl Computing Malaysia) · Hyperscaler self-build
Funder, Joint venture partnerEcoWorld (Quantum Alpha)
No tenant disclosed. Most colocation leases are confidential, so this says nothing about occupancy.
Money at this site
Debt raised, 2026-01RM1,880m (about US$420m)
This is the size of a loan. ArusGrid excludes it from capital spending totals.
The figure covers the whole campus.
Who builds it
Core and shell builderGamuda Engineering Sdn Bhd · RM2.14bn (≈US$482m) · Aug 2025 Confirmed source ↗ Shell and core of two DC blocks, consumer substation, water reservoir; 3Q2025 to 3Q2027
Mechanical and electrical worksSJEE Engineering Sdn Bhd · RM105m (≈US$24m) · Aug 2026 Inferred by ArusGrid source ↗ Electrical Package #3 (MV02 and MV03), subcontract; 2026-07-21 to 2027-10-14
Why we think so. Puncak Alam hyperscale DC under a local main contractor; our only Puncak Alam project is Google's EBP V build where Gamuda is main contractor.
BidderSunway Construction Group Bhd · Jul 2025 · bid submitted, result pending Reported source ↗ Tipped contender for EcoWorld EBP V core and shell (Pearl Computing); Gamuda later won
Land
Land sellerEco World Development Group Bhd (Paragon Pinnacle Sdn Bhd / Quantum Alpha Sdn Bhd) · 58.187 acres · RM266.1m (≈US$60m) · Feb 2025 Confirmed source ↗ Eco Business Park V; buyer Pearl Computing Malaysia Sdn Bhd
LandlordEco World Development Group Bhd (Quantum Alpha Sdn Bhd) · 92.44 acres · RM4.8bn (≈US$1.1bn) · leased · Feb 2025 Confirmed source ↗ Build-and-lease of shell and core to Pearl Computing; 20yr + 2x5yr options; est. total rent RM4.8bn; completion Oct 2027
Possibly linked
The source does not name the project, and more than one project we track fits. We show it on each of them and pin it to none.
UnconfirmedTRC Construction Sdn Bhd · Utility infrastructure · RM149.98m (≈US$34m) · Aug 2026 source ↗ This project is one of 2 that fit. The other is Google (Pearl Computing) Port Dickson.
UnconfirmedSJEE Engineering Sdn Bhd · Mechanical and electrical works · RM146.53m (≈US$33m) · Aug 2026 source ↗ This project is one of 2 that fit. The other is Google Elmina 2 (SDP EBP Asset II).