EDGNEX Data Centers by DAMAC announce entry in the United States
The first phase includes capacity build-up through joint ventures with partners, acquiring land banks in conjunction with utilities, and acquiring existing data centres and platforms
Dubai-headquartered digital infrastructure company EDGNEX Data Centers by DAMAC announced its entry into the data centres market in the United States. The US expansion will deliver data centres targeting a 2000MW capacity over the next four years. EDGNEX announced an initial investment of US $20bn.
The first phase includes capacity build-up through joint ventures with partners, acquiring land banks in conjunction with utilities, and acquiring existing data centers and platforms. It will represent approximately 500MW capacity—one in the Sunbelt and one in the Midwest. This will meet growing current demand as EDGNEX continues to scale.
Hussain Sajwani, Founder, DAMAC said, “This is an extremely exciting moment for us. Our foray into the U.S. market in data centres represents a significant milestone in our journey to build a global digital infrastructure platform that will empower businesses today and in the future. Leveraging our expertise in real estate and data centres, we aim to deliver best-in-class infrastructure that supports the next wave of cloud and AI growth, helping further to position the U.S. in the technology and global data ecosystem.”
Besides its foray into data centres, DAMAC as a group is significantly invested in the US in real estate and through several private equity funds. In Miami, DAMAC is planning a boutique condo project designed by Zaha Hadid Architects with a $1bn development value. DAMAC continues to look for strategic real estate opportunities in the US, said a statement.
EDGNEX’s existing portfolio includes operations in 10 countries (UAE, KSA, Turkey, Thailand, Malaysia, Indonesia, Greece, Spain, Finland and Italy) with a projected capacity exceeding 1000MW+. Current operational data centres include over 10MW in Saudi Arabia and 5MW in Thailand, which will be operational by Q1 2025. By 2026, EDGNEX aims to have over 300MW+ operational globally.
