{"id":16214,"date":"2025-01-08T09:46:36","date_gmt":"2025-01-08T02:46:36","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=16214"},"modified":"2025-01-08T09:46:36","modified_gmt":"2025-01-08T02:46:36","slug":"edgnex-data-centers-by-damac-announces-expansion-into-the-u-s-market-with-2000mw-projected-future-capacity","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=16214","title":{"rendered":"EDGNEX Data Centers by DAMAC Announces Expansion into the U.S. Market with 2000MW projected future capacity"},"content":{"rendered":"<ul type=\"disc\">\n<li><b>EDGNEX announced an initial <span class=\"xn-money\">$20 Billion<\/span> investment with a plan to potentially double the investment based on future demand<\/b><\/li>\n<li>The U.S. market is critical to EDGNEX&#8217;s global and exponential growth strategy.<\/li>\n<li>As a group,\u00a0DAMAC is invested significantly in the U.S. through several private equity funds and in real estate in <span class=\"xn-location\">Miami<\/span>.<\/li>\n<li>The data center expansion will include key U.S. regions, i.e. Sunbelt and Midwest states.<\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">DUBAI<\/span> and <span class=\"xn-location\">PALM BEACH, Fla.<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 8, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <span class=\"xn-location\">Dubai<\/span>-headquartered global digital infrastructure company EDGNEX Data Centers by DAMAC (fully owned by global group DAMAC) has announced its strategic entry in data centers into <span class=\"xn-location\">the United States<\/span> market, marking a transformative phase in its international expansion. The announced US expansion will deliver state-of-the-art data centers targeting a 2000MW capacity over the next four years. EDGNEX announced an initial investment of <span class=\"xn-money\">$20 Billion<\/span> with potential plans of doubling the investment on the basis of future demand, market opportunity and scalability. This endeavor is aligned with EDGNEX&#8217;s commitment to building world-class digital infrastructure platforms targetting hyperscalers, AI players, and Fortune 500 companies alike, fostering innovation and delivering sustainable, high-quality infrastructure that powers customers in the U.S. and around the globe. EDGNEX expansion plan will focus on sunbelt states specifically <span class=\"xn-location\">Texas<\/span>, <span class=\"xn-location\">Arizona<\/span>, <span class=\"xn-location\">Oklahoma<\/span>, and <span class=\"xn-location\">Louisiana<\/span> and midwest states: <span class=\"xn-location\">Ohio<\/span>, <span class=\"xn-location\">Illinois<\/span>, <span class=\"xn-location\">Michigan<\/span>, and <span class=\"xn-location\">Indiana<\/span>.<\/p>\n<div dir=\"ltr\" title=\"Founder and Chairman of DAMAC Mr. Hussain Sajwani with US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, January 7, 2025.\"><\/div>\n<div>\n<div>     \u00a0    <\/div>\n<p>    <span>Founder and Chairman of DAMAC Mr. Hussain Sajwani with US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, January 7, 2025.<\/span>        <\/p><\/div>\n<p>The first phase includes capacity build-up through joint ventures with partners, acquiring land banks in conjunction with utilities, and acquiring existing data\u00a0centers and platforms. It will represent approximately 500MW capacity\u2014one in the Sunbelt and one in the Midwest. This will meet the growing current demand as EDGNEX continues to scale.<\/p>\n<p><b>Statement from Mr. <span class=\"xn-person\">Hussain Sajwani<\/span>, Founder, DAMAC:<br \/><\/b>&#8220;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.&#8221;<\/p>\n<p>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 <span class=\"xn-location\">Miami<\/span>, DAMAC is planning a boutique condo project designed by Zaha Hadid Architects with a\u00a01bn$ GDV development value. DAMAC continues to look for strategic real estate opportunities in the U.S.<\/p>\n<p><b>Building a Global Platform Exponentially<br \/><\/b>DAMAC&#8217;s success in real estate in the <span class=\"xn-location\">Middle East<\/span> 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&#8217;s commitment to seizing opportunities and establishing a robust global platform that serves international markets.\u00a0<\/p>\n<p><b>Progress and Timeline<br \/><\/b>EDGNEX&#8217;s existing portfolio includes operations in 10 countries (UAE, KSA, <span class=\"xn-location\">Turkey<\/span>, <span class=\"xn-location\">Thailand<\/span>, <span class=\"xn-location\">Malaysia<\/span>, <span class=\"xn-location\">Indonesia<\/span>, <span class=\"xn-location\">Greece<\/span>, <span class=\"xn-location\">Spain<\/span>, <span class=\"xn-location\">Finland<\/span> and <span class=\"xn-location\">Italy<\/span>) with a projected capacity exceeding 1000MW+. Current operational data centers include over 10MW in <span class=\"xn-location\">Saudi Arabia<\/span> and 5MW in <span class=\"xn-location\">Thailand<\/span>, which will be operational by Q1 2025. By 2026, EDGNEX aims to have over 300MW+ operational globally.<\/p>\n<p><b>Management and Growth Strategy<br \/><\/b>EDGNEX, with a management team of 100+ professionals based in the <span class=\"xn-location\">Middle East<\/span>, <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">Asia<\/span>, is actively expanding its team to support these growth plans. Since its inception in 2021, EDGNEX has rapidly expanded across the <span class=\"xn-location\">Middle East<\/span>, <span class=\"xn-location\">Southeast Asia<\/span> and <span class=\"xn-location\">Europe<\/span>, 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&#8217;s equity, bank debt, and potential third-party capital to fuel expansion in the U.S.<\/p>\n<p><b>About\u00a0EDGNEX<br \/><\/b>EDGNEX is a global digital infrastructure company headquartered in <span class=\"xn-location\">Dubai, United Arab Emirates<\/span>. 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. <a href=\"http:\/\/www.edgnex.com\/\" rel=\"nofollow\">www.edgnex.com<\/a><\/p>\n<p><b>For further information, please contact:<br \/><\/b>EDGNEX \/ DAMAC Corporate Communications<br \/>Email: <a href=\"mailto:corporatecommunications@damacgroup.com\" target=\"_blank\" rel=\"nofollow\">corporatecommunications@damacgroup.com<\/a><br \/>Website: <a href=\"https:\/\/www.edgnex.com\/\" target=\"_blank\" rel=\"nofollow\">www.edgnex.com<\/a>\u00a0<\/p>\n<p>Video &#8211; <a href=\"https:\/\/mma.prnasia.com\/media2\/2593194\/DAMAC_1.mp4\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnasia.com\/media2\/2593194\/DAMAC_1.mp4<\/a><br \/>Video &#8211;\u00a0<a href=\"https:\/\/mma.prnasia.com\/media2\/2593138\/DAMAC_2.mp4\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnasia.com\/media2\/2593138\/DAMAC_2.mp4<\/a><br \/>Photo &#8211;\u00a0<a href=\"https:\/\/mma.prnasia.com\/media2\/2593055\/DAMAC_3.jpg?p=medium600\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnasia.com\/media2\/2593055\/DAMAC_3.jpg?p=medium600<\/a><br \/>Photo &#8211;\u00a0<a href=\"https:\/\/mma.prnasia.com\/media2\/2593059\/DAMAC_4.jpg?p=medium600\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnasia.com\/media2\/2593059\/DAMAC_4.jpg?p=medium600<\/a><\/p>\n<div dir=\"ltr\" title=\"Founder and Chairman of DAMAC Mr. Hussain Sajwani with US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, January 7, 2025.\"><\/div>\n<div>\n<div>     \u00a0    <\/div>\n<p>    <span>Founder and Chairman of DAMAC Mr. Hussain Sajwani with US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, January 7, 2025.<\/span>        <\/p><\/div>\n<p>\u00a0<\/p>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2593055\/DAMAC_3.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Trump announces UAE's EDGNEX Data Centers by DAMAC to invest $20B in USA\" src=\"https:\/\/mma.prnasia.com\/media2\/2593055\/DAMAC_3.jpg?p=medium600\" alt=\"Trump announces UAE's EDGNEX Data Centers by DAMAC to invest $20B in USA\" align=\"middle\" \/><\/a>   <br \/>   <span>Trump announces UAE&#8217;s EDGNEX Data Centers by DAMAC to invest $20B in USA<\/span>  <\/div>\n<p>\u00a0<\/p>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2593059\/DAMAC_4.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Trump announces UAE's EDGNEX Data Centers by DAMAC to invest $20B in USA\" src=\"https:\/\/mma.prnasia.com\/media2\/2593059\/DAMAC_4.jpg?p=medium600\" alt=\"Trump announces UAE's EDGNEX Data Centers by DAMAC to invest $20B in USA\" align=\"middle\" \/><\/a>   <br \/>   <span>Trump announces UAE&#8217;s EDGNEX Data Centers by DAMAC to invest $20B in USA<\/span>  <\/div>\n<p>\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<ul type=\"disc\">\n<li><b>EDGNEX announced an initial <span class=\"xn-money\">$20 Billion<\/span> investment with a plan to potentially double the investment based on future demand<\/b><\/li>\n<li>The U.S. market is critical to EDGNEX&#8217;s global and exponential growth strategy.<\/li>\n<li>As a group,\u00a0DAMAC is invested significantly in the U.S. through several private equity funds and in real estate in <span class=\"xn-location\">Miami<\/span>.<\/li>\n<li>The data center expansion will include key U.S. regions, i.e. Sunbelt and Midwest states.<\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">DUBAI<\/span> and <span class=\"xn-location\">PALM BEACH, Fla.<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 8, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <span class=\"xn-location\">Dubai<\/span>-headquartered global digital infrastructure company EDGNEX Data Centers by DAMAC (fully owned by global group DAMAC) has announced its strategic entry in data centers into <span class=\"xn-location\">the United States<\/span> market, marking a transformative phase in its international expansion. The announced US expansion will deliver state-of-the-art data centers targeting a 2000MW capacity over the next four years. EDGNEX announced an initial investment of <span class=\"xn-money\">$20 Billion<\/span> with potential plans of doubling the investment on the basis of future demand, market opportunity and scalability. This endeavor is aligned with EDGNEX&#8217;s commitment to building world-class digital infrastructure platforms targetting hyperscalers, AI players, and Fortune 500 companies alike, fostering innovation and delivering sustainable, high-quality infrastructure that powers customers in the U.S. and around the globe. EDGNEX expansion plan will focus on sunbelt states specifically <span class=\"xn-location\">Texas<\/span>, <span class=\"xn-location\">Arizona<\/span>, <span class=\"xn-location\">Oklahoma<\/span>, and <span class=\"xn-location\">Louisiana<\/span> and midwest states: <span class=\"xn-location\">Ohio<\/span>, <span class=\"xn-location\">Illinois<\/span>, <span class=\"xn-location\">Michigan<\/span>, and <span class=\"xn-location\">Indiana<\/span>.<\/p>\n<div dir=\"ltr\" title=\"Founder and Chairman of DAMAC Mr. Hussain Sajwani with US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, January 7, 2025.\"><\/div>\n<div>\n<div>     \u00a0    <\/div>\n<p>    <span>Founder and Chairman of DAMAC Mr. Hussain Sajwani with US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, January 7, 2025.<\/span>        <\/p>\n<\/div>\n<p>The first phase includes capacity build-up through joint ventures with partners, acquiring land banks in conjunction with utilities, and acquiring existing data\u00a0centers and platforms. It will represent approximately 500MW capacity\u2014one in the Sunbelt and one in the Midwest. This will meet the growing current demand as EDGNEX continues to scale.<\/p>\n<p><b>Statement from Mr. <span class=\"xn-person\">Hussain Sajwani<\/span>, Founder, DAMAC:<br \/><\/b>&#8220;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.&#8221;<\/p>\n<p>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 <span class=\"xn-location\">Miami<\/span>, DAMAC is planning a boutique condo project designed by Zaha Hadid Architects with a\u00a01bn$ GDV development value. DAMAC continues to look for strategic real estate opportunities in the U.S.<\/p>\n<p><b>Building a Global Platform Exponentially<br \/><\/b>DAMAC&#8217;s success in real estate in the <span class=\"xn-location\">Middle East<\/span> 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&#8217;s commitment to seizing opportunities and establishing a robust global platform that serves international markets.\u00a0<\/p>\n<p><b>Progress and Timeline<br \/><\/b>EDGNEX&#8217;s existing portfolio includes operations in 10 countries (UAE, KSA, <span class=\"xn-location\">Turkey<\/span>, <span class=\"xn-location\">Thailand<\/span>, <span class=\"xn-location\">Malaysia<\/span>, <span class=\"xn-location\">Indonesia<\/span>, <span class=\"xn-location\">Greece<\/span>, <span class=\"xn-location\">Spain<\/span>, <span class=\"xn-location\">Finland<\/span> and <span class=\"xn-location\">Italy<\/span>) with a projected capacity exceeding 1000MW+. Current operational data centers include over 10MW in <span class=\"xn-location\">Saudi Arabia<\/span> and 5MW in <span class=\"xn-location\">Thailand<\/span>, which will be operational by Q1 2025. By 2026, EDGNEX aims to have over 300MW+ operational globally.<\/p>\n<p><b>Management and Growth Strategy<br \/><\/b>EDGNEX, with a management team of 100+ professionals based in the <span class=\"xn-location\">Middle East<\/span>, <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">Asia<\/span>, is actively expanding its team to support these growth plans. Since its inception in 2021, EDGNEX has rapidly expanded across the <span class=\"xn-location\">Middle East<\/span>, <span class=\"xn-location\">Southeast Asia<\/span> and <span class=\"xn-location\">Europe<\/span>, 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&#8217;s equity, bank debt, and potential third-party capital to fuel expansion in the U.S.<\/p>\n<p><b>About\u00a0EDGNEX<br \/><\/b>EDGNEX is a global digital infrastructure company headquartered in <span class=\"xn-location\">Dubai, United Arab Emirates<\/span>. 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. <a href=\"http:\/\/www.edgnex.com\/\" rel=\"nofollow\">www.edgnex.com<\/a><\/p>\n<p><b>For further information, please contact:<br \/><\/b>EDGNEX \/ DAMAC Corporate Communications<br \/>Email: <a href=\"mailto:corporatecommunications@damacgroup.com\" target=\"_blank\" rel=\"nofollow\">corporatecommunications@damacgroup.com<\/a><br \/>Website: <a href=\"https:\/\/www.edgnex.com\/\" target=\"_blank\" rel=\"nofollow\">www.edgnex.com<\/a>\u00a0<\/p>\n<p>Video &#8211; <a href=\"https:\/\/mma.prnasia.com\/media2\/2593194\/DAMAC_1.mp4\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnasia.com\/media2\/2593194\/DAMAC_1.mp4<\/a><br \/>Video &#8211;\u00a0<a href=\"https:\/\/mma.prnasia.com\/media2\/2593138\/DAMAC_2.mp4\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnasia.com\/media2\/2593138\/DAMAC_2.mp4<\/a><br \/>Photo &#8211;\u00a0<a href=\"https:\/\/mma.prnasia.com\/media2\/2593055\/DAMAC_3.jpg?p=medium600\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnasia.com\/media2\/2593055\/DAMAC_3.jpg?p=medium600<\/a><br \/>Photo &#8211;\u00a0<a href=\"https:\/\/mma.prnasia.com\/media2\/2593059\/DAMAC_4.jpg?p=medium600\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnasia.com\/media2\/2593059\/DAMAC_4.jpg?p=medium600<\/a><\/p>\n<div dir=\"ltr\" title=\"Founder and Chairman of DAMAC Mr. Hussain Sajwani with US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, January 7, 2025.\"><\/div>\n<div>\n<div>     \u00a0    <\/div>\n<p>    <span>Founder and Chairman of DAMAC Mr. Hussain Sajwani with US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, January 7, 2025.<\/span>        <\/p>\n<\/div>\n<p>\u00a0<\/p>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2593055\/DAMAC_3.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Trump announces UAE's EDGNEX Data Centers by DAMAC to invest $20B in USA\" src=\"https:\/\/mma.prnasia.com\/media2\/2593055\/DAMAC_3.jpg?p=medium600\" alt=\"Trump announces UAE's EDGNEX Data Centers by DAMAC to invest $20B in USA\" align=\"middle\" \/><\/a>   <br \/>   <span>Trump announces UAE&#8217;s EDGNEX Data Centers by DAMAC to invest $20B in USA<\/span>  <\/div>\n<p>\u00a0<\/p>\n<div dir=\"ltr\">   <a href=\"https:\/\/mma.prnasia.com\/media2\/2593059\/DAMAC_4.jpg?p=medium600\" target=\"_blank\"><img decoding=\"async\" title=\"Trump announces UAE's EDGNEX Data Centers by DAMAC to invest $20B in USA\" src=\"https:\/\/mma.prnasia.com\/media2\/2593059\/DAMAC_4.jpg?p=medium600\" alt=\"Trump announces UAE's EDGNEX Data Centers by DAMAC to invest $20B in USA\" align=\"middle\" \/><\/a>   <br \/>   <span>Trump announces UAE&#8217;s EDGNEX Data Centers by DAMAC to invest $20B in USA<\/span>  <\/div>\n<p>\u00a0<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-16214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/16214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16214"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/16214\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}