CenturyLink-owned Savvis announced plans to build a second data center in Singapore earlier this week. By expanding capacity in the island nation, the company is going after financial-services customers abroad that are looking to expand into Asia.

Mark Smith, managing director for Savvis Asia, said the region, and particularly Singapore, was “fast becoming a springboard for businesses abroad to expand into and broaden their market reach, providing Savvis the opportunity to accommodate the escalating IT services demands.”

The provider has already put the future US$103m data center, named SG2, through a threat-vulnerability risk assessment to make sure it meets the financial-services industry’s security requirements. This testing has largely to do with infrastructure redundancy.

Savvis is suggesting clients can use SG2, located in Singapore’s Jurong East Area, in conjunction with its existing data center about 10 miles (17km) to the east. This will offer dual-site diversification for customer infrastructure.

SG2 will be a 53,000 sq ft facility, housing 32,000 sq ft of raised floor. It will offer a total of 3.6MW of IT power.

Singapore is one of the biggest and quickest growing data center markets in the Asia Pacific. All international data center players want to go there and many have already.

Recent expansions by data center multinationals into Singapore include Digital Realty Trust’s purchase of a 375,000 sq ft campus in Jurong East in 2010 and IO’s announcement to build a massive facility to house its modular data center infrastructure IO Anywhere.

Just this week, Swiss electrical-equipment conglomerate ABB announced a plan to establish a data center technology center in Singapore to sell its products into the Asian data center markets.

According to ABB, Singapore’s total data center capacity is projected to grow from 2.4m sq ft in 2010 to 3.6m sq ft in 2015 – a 50% increase in five years.