Page 18 - The Indian EYE 011725

NORTH AMERICAN Newsline JANUARY 17, 2025 | The Indian Eye 18

EDGNEX Data Centers by DAMAC

Announces Expansion into the U.S. Market

with 2000MW projected future capacity

EDGNEX announced an initial $20 Billion investment with a plan to potentially

double the investment based on future demand

OUR BUREAU
Miami, FL
ubai-headquartered global
digital infrastructure compa-
Dny EDGNEX Data Centers
by DAMAC (fully owned by global
group DAMAC) has announced its
strategic entry in data centers into
the United States market, marking
a transformative phase in its interna-
tional expansion. The announced US
expansion will deliver state-of-the-art
data centers targeting a 2000MW ca-
pacity over the next four years.
EDGNEX announced an initial
investment of $20 Billion with poten-
tial plans of doubling the investment
on the basis of future demand, mar-
ket opportunity and scalability. This
endeavor is aligned with EDGNEX’s
commitment to building world-class
digital infrastructure platforms tar-
geting hyperscalers, AI players, and
Fortune 500 companies alike, fos-
tering innovation and delivering sus-
tainable, high-quality infrastructure
that powers customers in the U.S.
and around the globe. tinues to scale. ue. DAMAC continues to look for will be operational by Q1 2025. By
In a statement, Hussain Sajwani, strategic real estate opportunities in 2026, EDGNEX aims to have over
EDGNEX expansion plan will Founder, DAMAC, said: “This is an the U.S. 300MW+ operational globally.
extremely exciting moment for us.
DAMAC’s success in real es-
EDGNEX, with a management
focus on sunbelt states specif- Our foray into the U.S. market in tate in the Middle East and global- team of 100+ professionals based
ically Texas, Arizona, Oklaho- data centers represents a significant ly has provided the foundation for in the Middle East, Europe and
milestone in our journey to build a ventures into high- capex, high-yield Asia, is actively expanding its team
ma, and Louisiana and midwest global digital infrastructure platform asset classes like data centers. Enter- to support these growth plans. Since
states: Ohio, Illinois, Michigan, that will empower businesses today prises of all sizes adopting cloud and its inception in 2021, EDGNEX has
and in the future. Leveraging our ex- AI technologies present a significant rapidly expanded across the Middle
and Indiana, according to a pertise in real estate and data centers, 15-year growth opportunity that re- East, Southeast Asia and Europe,
Press release from the group. we aim to deliver best-in-class infra- inforces DAMAC’s commitment setting the stage for a strategic en-
structure that supports the next wave to seizing opportunities and estab- try into the U.S. market. EDGNEX
of cloud and AI growth, helping fur- lishing a robust global platform that brings and sets new benchmarks in
The first phase includes capac- ther to position the U.S. in the tech- serves international markets. secure, scalable, and sustainable
ity build-up through joint ventures nology and global data ecosystem.” EDGNEX’s existing portfolio digital infrastructure. DAMAC is
with partners, acquiring land banks Besides its latest foray into data includes operations in 10 countries an infrastructure provider and does
in conjunction with utilities, and centers, DAMAC as a Group is sig- (UAE, KSA, Turkey, Thailand, Ma- not handle or manage data privacy
acquiring existing data centers and nificantly invested in the US in real laysia, Indonesia, Greece, Spain, or compliance. EDGNEX plans to
platforms. It will represent approx- estate and through several private Finland and Italy) with a project- leverage DAMAC’s equity, bank
imately 500MW capacity—one in equity funds. In Miami, DAMAC is ed capacity exceeding 1000MW+. debt, and potential third-party cap-
the Sunbelt and one in the Mid- planning a boutique condo project Current operational data centers ital to fuel expansion in the U.S.,
west. This will meet the growing designed by Zaha Hadid Architects include over 10MW in Saudi Ara- according to the Press release from
current demand as EDGNEX con- with a 1bn$ GDV development val- bia and 5MW in Thailand, which the group.

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