Grab partners with SoftBank, PETROS on USD 1.85 billion Malaysia AI infrastructure plan

Bitget2026/11/09 15:38

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Grab signed joint development agreements with SoftBank Group for Malaysian AI infrastructure, with PETROS participating in planned initial capital of USD 1.85 billion.
SoftBank Group will contribute USD 1 billion, Grab USD 750 million and PETROS USD 100 million, subject to project milestones and closing conditions.
The Sarawak project has USD 1 billion in proposed initial investment; Grab will lead the USD 850 million Peninsular Malaysia project.
The partners target at least five gigawatts of AI compute capacity over the long term, seeking additional investors and hyperscaler customers.
SoftBank Group agreed in principle to a five-year lock-up on Grab shares held directly by a group entity, subject to customary exceptions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grab Holdings Ltd. published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Grab partners with SoftBank, PETROS on USD 1.85 billion Malaysia AI infrastructure plan

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