Gorilla Technology Group (GRRR) said Wednesday it has been shortlisted for a smart education and digital infrastructure project in Southeast Asia.

The project has an expected value of more than $400 million for an initial five-year phase, which aims to improve learning experiences and operational efficiency in the region by integrating digital platforms, advanced artificial intelligence capabilities and next-generation connectivity, the company said.

Based in a "major investment-grade city" in the region, the initiative marks the start of a multi-phase program, with additional projects that could surpass $2.5 billion in spending for a period of 15 years, the company said.