EDGNEX Data Centers by DAMAC Marks Major Expansion into the U.S. Market with Significant Investment

EDGNEX Data Centers by DAMAC: A Bold Move into the U.S. Market

On January 8, 2025, EDGNEX Data Centers, a global digital infrastructure leader wholly owned by DAMAC Group, announced a significant expansion plan into the U.S. market. This strategic move aims to build cutting-edge data centers with a projected capacity of 2000 megawatts over the next four years. The expansion is marked by an impressive initial investment of $20 billion, with the potential to double based on future market demand and opportunities.

A Strategic Entry into Key Markets

The U.S. market is a crucial element in EDGNEX's global growth strategy, particularly focusing on states in the sunbelt region such as Texas, Arizona, Oklahoma, and Louisiana, along with key Midwest states including Ohio, Illinois, Michigan, and Indiana. The planned operational facilities will provide robust infrastructure targeting hyperscalers, Fortune 500 companies, and AI enterprises, driving forward innovation and offering sustainable solutions to businesses across the nation and beyond.

Hussain Sajwani, founder and chairman of DAMAC, expressed enthusiasm about this venture, stating, "We are entering a particularly exciting phase. Our entrance into the U.S. data center market represents a significant milestone in our journey towards building a global digital infrastructure platform that empowers businesses today and in the future."

Initial Phase and Future Plans

The first phase of EDGNEX's expansion involves enhancing capacity through joint ventures with partners, land acquisitions with utility companies, and obtaining existing data centers and platforms. This phase alone is set to account for approximately 500 MW of capacity, strategically located in both the sunbelt and Midwest regions. The aim is to address the current escalating demand while continuing to expand the infrastructure network.

Additionally, DAMAC's investments in real estate, particularly a luxury condominium project in Miami valued at $1 billion and designed by Zaha Hadid Architects, emphasize their commitment to the U.S. market.

Commitment to Innovation

Authenticated growth in the data center realm reflects the overall success of DAMAC in real estate across the Middle East and beyond. The companies looking to adopt cloud and AI technologies present substantial growth opportunities, reinforcing DAMAC's commitment to building a solid global platform catering to the international marketplace.

Currently, EDGNEX's portfolio spans 10 countries—including the UAE, Saudi Arabia, Turkey, and across Europe—with a combined capacity exceeding 1000 MW. Operational data centers in Saudi Arabia and Thailand highlight its international reach, with further operational expansions anticipated over the coming year.

Management and Future Growth Strategy

With a skilled team of over 100 professionals drawn from the Middle East, Europe, and Asia, EDGNEX is proactively bolstering its workforce in line with the ambitious expansion plans set forth. Since its establishment in 2021, EDGNEX has rapidly evolved within the realms of the Middle East, Southeast Asia, and Europe, setting the stage for strategic entry into the U.S. market.

The company's innovative approach aims to establish and meet new standards for secure, scalable, and sustainable digital infrastructure. EDGNEX plans to harness DAMAC's equity, bank financing, and possible third-party capital to ensure successful U.S. market entry.

In summary, EDGNEX Data Centers by DAMAC is poised to make impactful contributions as it ventures into the U.S. market, navigating the growing demand for advanced digital infrastructure while driving innovation across various industries.