SINGAPORE - BDx Data Centers said on Tuesday that it has secured project financing from infrastructure credit firm Clifford Capital, Singapore's United Overseas Bank and Japan's Sumitomo Mitsui Banking Corporation for the development of its first hyperscale data center in Hong Kong.

The Asia-Pacific data center operator said in a statement that the loan marks its debut in the Hong Kong market and its third project financing facility, after two other loans in Singapore and Indonesia.

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BDx added that the financing will be used for the development of, and operating expenses for, the hyperscale data center located in Kwai Chung in the special administrative region.

BDx is a portfolio company of US-headquartered infrastructure investor I Square Capital, which manages over $40 billion in assets globally, according to their websites.

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BDx said in the statement that it continues to grow its portfolio in Asia rapidly with a long-term goal of deploying 1 gigawatt of capacity. BDx's expansion comes at a time when investor appetite for data centers is growing in Asia, driven by demand for artificial intelligence and cloud computing-based services.