Information Technology
EDGNEX Data Centers by DAMAC Announces Expansion into the U.S. Market with 2000MW projected future capacity
"This is an extremely exciting moment for us. Our foray into the U.S. market in data centers 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 centers, 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 latest foray into data centers, 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$ GDV development value. DAMAC continues to look for strategic real estate opportunities in the U.S.
DAMAC's success in real estate in the Middle East and globally has provided the foundation for ventures into high-capex, high-yield asset classes like data centers. Enterprises of all sizes adopting cloud and AI technologies present a significant 15-year growth opportunity that reinforces DAMAC's commitment to seizing opportunities and establishing a robust global platform that serves international markets.
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 centers 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.
EDGNEX, with a management team of 100+ professionals based in the Middle East , Europe and Asia , is actively expanding its team to support these growth plans. Since its inception in 2021, EDGNEX has rapidly expanded across the Middle East , Southeast Asia and Europe , setting the stage for a strategic entry into the U.S. market. EDGNEX brings and sets new benchmarks in secure, scalable, and sustainable digital infrastructure. DAMAC is an infrastructure provider and does not handle or manage data privacy or compliance. EDGNEX plans to leverage DAMAC's equity, bank debt, and potential third-party capital to fuel expansion in the U.S.
EDGNEX is a global digital infrastructure company headquartered in
Dubai, United Arab Emirates . It is a wholly owned subsidiary of the DAMAC Group, providing a foundation for local innovation across the globe and disrupting the data center market with new speed and agility. EDGNEX proactively builds, buys, or partners to serve the next wave of demand for data center services.
www.edgnex.com
EDGNEX / DAMAC Corporate Communications
Email: corporatecommunications@damacgroup.com
Website: www.edgnex.com
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