Indonesia has the potential to become one of the growth hubs for\nartificial intelligence (AI) and data centre infrastructure in Southeast\nAsia, following a surge in cloud computing demand. According to research\nfrom BRI Danareksa Sekuritas, national data centre IT capacity, recorded\nat 580 megawatts (MW) in the first half of 2026, is projected to\nskyrocket to 3.5 gigawatts (GW) by 2030.<\/p>\n
This shift in the regional data centre industry landscape is\noccurring due to limited expansion space in Singapore and tightening\nelectricity and water supplies in Johor, Malaysia. These conditions are\nprompting global investors to redirect digital infrastructure\ninvestments to Indonesia, which offers abundant land availability and\ncompetitive electricity tariffs.<\/p>\n
Research by CGS International Sekuritas Indonesia (CGSI) notes that\nimports of products proxying AI activity in Indonesia are expected to\nreach USD 2.5 billion in 2025, representing a 200 per cent year-on-year\nincrease. Furthermore, investment commitments related to AI and data\ncentres entering Indonesia between 2018 and August 2026 have reached USD\n15 billion, including USD 5 billion from Amazon Web Services and USD 1.7\nbillion from Microsoft.<\/p>\n
CGSI analysts Bob Setiadi, Rut Yesika Simak, and Elizabeth Noviana\nassess that the acceleration of computing demand is currently moving\nfaster than infrastructure development. \u201cThe AI opportunity in Indonesia\nis not merely a story of semiconductors, but rather one of\ninfrastructure, electricity, connectivity, and corporate adoption,\u201d the\nthree analysts wrote in a report titled \u2018SEA\u2019s Next Major AI\nInfrastructure Markets\u2019 on 24 August 2026.<\/p>\n
The growth prospects of this sector have prompted several analysts to\nissue positive recommendations for companies with exposure to the\nindustry. CGSI identifies PT Indosat Tbk (ISAT) as a primary candidate\npoised to benefit through its NeoCloud AI business and its shareholding\nin BDx Indonesia. \u201cISAT is considered the issuer with the most potential\nto benefit from this opportunity,\u201d the CGSI analysts noted.<\/p>\n
BRI Danareksa Sekuritas analyst Kafi Ananta issued a buy\nrecommendation for ISAT shares with a target price of Rp3,430 per share.\nThis valuation is supported by Indosat\u2019s participation in the Zankore\nproject, which is developing the first phase of an AI Factory with a 200\nMW capacity in Batang, Central Java.<\/p>\n
Meanwhile, Mirae Asset Sekuritas Senior Market Analyst Nafan Aji\nGusta recommended an \u2018add\u2019 for PT Telkom Indonesia Tbk (TLKM) shares\nwith a target price of Rp3,030 per share. The main catalyst for TLKM is\nthe potential divestment of a 70 per cent stake in its subsidiary,\nNeutraDC, which is estimated to be worth between USD 1.0 billion and USD\n1.5 billion to attract global hyperscaler partners.<\/p>\n
On the other hand, Kiwoom Sekuritas Indonesia analyst Sukarno Alatas\nrecommended a buy for PT Dian Swastatika Sentosa Tbk (DSSA) shares with\na target price of Rp1,500 per share. DSSA is strengthening its digital\ninfrastructure portfolio through the development of the SMX01 hyperscale\nfacility, involving a US$ 300 million investment in Jakarta, scheduled\nto begin operations in the fourth quarter of 2026.<\/p>\n
CGSI added that this business landscape also benefits supporting\nsupply chains on the Indonesia Stock Exchange, ranging from contractor\nPT Total Bangun Persada Tbk (TOTL), industrial estate developer PT\nPuradelta Lestari Tbk (DMAS), submarine cable provider PT XLSmart\nTelecom Sejahtera Tbk (EXCL), to energy issuer PT Cikarang Listrindo Tbk\n(POWR).<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesias-data-centre-capacity-projected-to-surge-until-2030-1788108782", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }