EDGNEX Data Centers by DAMAC Launches Major Expansion into the US Market with 2000 MW Capacity

EDGNEX Data Centers by DAMAC Expands into the U.S. Market

EDGNEX Data Centers, a global digital infrastructure firm based in Dubai and owned by DAMAC Group, is making headlines with its recent announcement of a significant expansion into the U.S. market. This strategic move is coupled with a planned capacity of 2000 MW, marking a transformative moment in the company's international growth strategy.

Investment Plans

To begin this bold venture, EDGNEX is committing an initial investment of $20 billion, with the potential to double this figure based on future demand. The U.S. market is considered vital for EDGNEX's global expansion, and the planned investment aligns with their strategy to develop world-class digital infrastructure targeting hyperscalers, AI innovators, and Fortune 500 companies.

EDGNEX's expansion will primarily focus on the Sun Belt states and the Midwest, including Texas, Arizona, Oklahoma, and Louisiana, as well as Illinois, Michigan, and Indiana. These regions are strategically chosen due to their favorable business climate and growing demand for data services.

Phase One Development

The first phase of this project will involve building capacity through joint ventures with partners, acquiring land for future infrastructures, and taking over existing data center platforms. An estimated capacity of around 500 MW will be achieved in this phase, addressing immediate market needs as EDGNEX scales operations.

Hussain Sajwani, the founder and chairman of DAMAC, expressed his excitement regarding this expansion, stating: "Entering the U.S. data center market is a pivotal milestone for us, represented by our commitment to build a global digital infrastructure platform that will empower businesses now and into the future."

Broader Investments in the U.S.

Apart from its data center initiatives, DAMAC has made significant investments in U.S. real estate, including a boutique apartment project in Miami, designed by renowned architect Zaha Hadid, valued at $1 billion. DAMAC's strategy reflects its desire to seek out lucrative property opportunities across the United States, capitalizing on the robust real estate market.

Future Growth and Opportunities

EDGNEX has a robust existing portfolio, operating in ten countries with a combined capacity exceeding 1000 MW. The company's operational data centers, including sites in Saudi Arabia and Thailand, are expected to be fully functional by the first quarter of 2025, with ambitious projections to have over 300 MW operational worldwide by 2026.

The management team at EDGNEX, comprising over 100 professionals from the Middle East, Europe, and Asia, is actively expanding to support these growth plans. EDGNEX aims to establish itself as a trailblazer in secure, scalable, and sustainable digital infrastructure.

EDGNEX plans to leverage equity from DAMAC, bank loans, and potential capital from third-party investors to fuel its expansion in the U.S. market further.

About EDGNEX

Founded in 2021, EDGNEX is a digital infrastructure company headquartered in Dubai, dedicated to local innovation and leading the charge in the data center market with agility and speed. By building, acquiring, or actively partnering, EDGNEX aims to serve the forthcoming wave of demand for data center services across international markets. For more details, visit www.edgnex.com.