Construction of a 13-story Data Center in Myeongji Noksan Industrial Complex, Government and Private Sector Investment of 650 Billion Won in Environmental Improvement Fund
The government and private sector are set to invest 650 billion won to build a 13-story data center in the Busan Myeongji Noksan National Industrial Complex. This project draws attention as an important infrastructure for digital transformation (DX) utilizing funds for improving the industrial complex environment. It is expected to positively impact the local economy and industrial development.
Myeongji Noksan Industrial Complex, Accelerating Digital Transformation through the Construction of a Large Data Center
The Ministry of Trade, Industry and Energy has selected the project to establish a data center in Busan Myeongji Noksan Industrial Complex as a preferred negotiation target. This project is scheduled to take place from June 2025 to July 2033.
The project plans to establish a 13-story data center covering an area of approximately 46,107 square meters, with a total cost of 650 billion won, which includes a government support budget of 30.8 billion won and private investment of 619.2 billion won.
This data center is expected to become an important infrastructure for digital transformation and promote the digitalization of traditional manufacturing and various industries. It is anticipated to contribute to the innovation and development of the local industrial structure.
Environmental Improvement Fund Collaboration between Government and Private Sector for Industrial Complex
The Environmental Improvement Fund for Industrial Complexes has been undertaking various projects since 2011 to attract private investment based on the government budget. This fund aims for the digitalization, eco-friendliness, and improvement of residential environments in industrial complexes. These efforts are contributing to the revitalization of the local economy.
The Myeongji Noksan Industrial Complex project is expected to secure a fund with a budget of 30.8 billion won from the government and attract a large private investment of 619.2 billion won.
The data center project taking place in Busan Myeongji Noksan Industrial Complex boasts the largest scale among the five projects announced by the Ministry of Industry this year.
The government is also carrying out environmental improvement projects in various industrial complexes beyond the Myeongji Noksan Industrial Complex.
In the Seoul Digital Industrial Complex, a project for mixed-use development of hotels and logistics has been planned, with a total budget of 237 billion won. In the Wonju Munmak Industrial Complex, a project for operating smart farms is underway, with a cost of 20 billion won.
In the Iksan Second General Industrial Complex, a fuel cell power generation operation project is planned, with total investments amounting to 92.6 billion won. Additionally, in the Iksan National Industrial Complex, projects for rental-type dormitories and mixed-use development will be conducted, with an investment of 60 billion won planned for this project.
The total investment amount for these five projects reaches 1 trillion won and is expected to positively impact the local economy and environmental improvement.
The Future Competitiveness of Industrial Complexes Driven by Data Centers
Once a data center is established in the Myeongji Noksan Industrial Complex, it is expected to maximize the efficiency of industries through the aggregation and processing of data. In particular, companies located in this industrial complex are anticipated to utilize data to create a smart manufacturing environment and establish a foundation to lead the Fourth Industrial Revolution.
Moreover, the data center is likely to boost Busan as a digital hub through collaborations with various IT companies in the region while also providing cutting-edge digital services. The government plans to actively promote the expansion of low-carbon and eco-friendly infrastructure within the industrial complex, alongside the establishment of the data center. These efforts are expected to have a positive impact on the local economy and the overall industry.
In addition to Myeongji, data center construction is actively underway in Yeongdo and Eco Delta City. This is expanding the region's digital economic ecosystem. Busan City is striving to attract a national AI data center and is determined to build data infrastructure to strengthen regional competitiveness.
The city of Busan anticipates that this investment will enhance the competitiveness of companies within the industrial complex and ultimately revitalize the local economy. This is expected to have a positive impact on local residents as well.
Conclusion
The 13-story data center to be built in the Busan Myeongji Noksan Industrial Complex is expected to play a crucial role in the growth of the local economy.
Active collaboration between the government and the private sector will facilitate the successful digital innovation and advancement of the Myeongji Noksan Industrial Complex.
This transformation is anticipated not only to contribute to the innovation of Busan's industrial structure but also to positively influence the nation's competitiveness.
#MyeongjiNoksanIndustrialComplex, #BusanDataCenter, #DigitalTransformation, #DX, #MyeongjiNoksanNationalIndustrialComplex, #EnvironmentalImprovementFund, #IndustrialComplexEnvironmentalImprovement, #BusanIndustrialComplex, #BusanEconomy, #BusanDigitalHub, #GovernmentSupportProject, #PublicPrivateInvestment, #IndustrialComplexInnovation, #BusanRealEstate, #MyeongjiNoksanIndustrialComplexInvestment, #DigitalInfrastructure, #DataCenterConstruction, #BusanInvestmentInformation, #MinistryofIndustry, #FutureIndustriesofBusan, #MyeongjiRealEstate, #MyeongjiDevelopment, #BusanInvestmentInformation, #DigitalTransformation, #DXInfrastructure, #BusanInvestmentInformation, #NoksanIndustrialComplex, #BusanPolicyProjects, #BusanEconomicRevitalization, #MyeongjiIndustrialComplex, #DigitalTransformationIndustrialComplex
