EDGNEX Data Centers by DAMAC Unveils Ambitious Expansion Plans in the U.S. Market
In a strategic move signaling its ambition in the global digital infrastructure landscape, EDGNEX Data Centers by DAMAC, a wholly owned subsidiary of the DAMAC Group based in Dubai, has declared its entry into the competitive U.S. market. The announcement was made on January 7, 2025, during a high-profile event featuring key figures including Mr. Hussain Sajwani, the founder and chairman of DAMAC, and U.S. President-elect Donald Trump.
This new venture marks a pivotal chapter in EDGNEX's journey, with a projected capacity goal of 2000 megawatts (MW) over the next four years, a clear indication of the company's commitment to meet the growing demand for data center services. To kick off this expansive project, EDGNEX has committed an initial investment of $20 billion, with plans to potentially double this investment based on market demands and scalability opportunities.
The expansions will be targeted primarily in the U.S. Sunbelt region, focusing on key states such as Texas, Arizona, Oklahoma, and Louisiana. Additionally, Midwest states like Ohio, Illinois, Michigan, and Indiana will be included in the growth strategy. This geographical focus aims to position EDGNEX in critical markets that are experiencing robust growth in digital infrastructure needs, largely fueled by the rising demand for cloud services and artificial intelligence technologies.
Hussain Sajwani emphasized the significance of this project, describing it as a remarkable milestone that aligns with the company’s goal of creating a global digital infrastructure platform. The initiative looks to empower various enterprises, especially those venturing into cloud and AI applications, making a remarkable footprint in the technology and global data ecosystem of the U.S.
The first phase of the U.S. expansion includes forming joint ventures and acquiring land banks alongside utility partnerships. This phase is expected to yield approximately 500 MW of capacity, featuring facilities established in both the Sunbelt and Midwest regions to fulfill the immediate demand.
Beyond data centers, the DAMAC Group maintains a significant investment presence in the U.S. real estate market. In Miami, for instance, they are developing a unique condominium project designed by famous architect Zaha Hadid, with an estimated development value of $1 billion.
EDGNEX's strategy is thoroughly informed by its successful track record in high-capacity asset classes, benefiting from DAMAC's extensive expertise in real estate and established operations in varied regions, covering 10 countries including Saudi Arabia, Turkey, and Spain. The existing portfolio has surpassed 1000 MW in projected capacity, reinforcing the company’s swift expansion plans across favorable markets.
As EDGNEX gears up for this exciting phase, they aim to create a skilled workforce to support their growth strategy, emphasizing their plans to enhance their management team significantly. With a comprehensive focus on secure, scalable, and sustainable infrastructure, they aspire to set new benchmarks in providing digital services.
EDGNEX's entry marks a crucial moment in the evolving landscape of digital infrastructure, fostering innovation and technological advancement not just in the U.S., but on a global scale. This venture is a clear message of their dedication to harnessing opportunities to construct a robust global platform, enabling businesses worldwide to thrive in the digital age.,
This new venture marks a pivotal chapter in EDGNEX's journey, with a projected capacity goal of 2000 megawatts (MW) over the next four years, a clear indication of the company's commitment to meet the growing demand for data center services. To kick off this expansive project, EDGNEX has committed an initial investment of $20 billion, with plans to potentially double this investment based on market demands and scalability opportunities.
The expansions will be targeted primarily in the U.S. Sunbelt region, focusing on key states such as Texas, Arizona, Oklahoma, and Louisiana. Additionally, Midwest states like Ohio, Illinois, Michigan, and Indiana will be included in the growth strategy. This geographical focus aims to position EDGNEX in critical markets that are experiencing robust growth in digital infrastructure needs, largely fueled by the rising demand for cloud services and artificial intelligence technologies.
Hussain Sajwani emphasized the significance of this project, describing it as a remarkable milestone that aligns with the company’s goal of creating a global digital infrastructure platform. The initiative looks to empower various enterprises, especially those venturing into cloud and AI applications, making a remarkable footprint in the technology and global data ecosystem of the U.S.
The first phase of the U.S. expansion includes forming joint ventures and acquiring land banks alongside utility partnerships. This phase is expected to yield approximately 500 MW of capacity, featuring facilities established in both the Sunbelt and Midwest regions to fulfill the immediate demand.
Beyond data centers, the DAMAC Group maintains a significant investment presence in the U.S. real estate market. In Miami, for instance, they are developing a unique condominium project designed by famous architect Zaha Hadid, with an estimated development value of $1 billion.
EDGNEX's strategy is thoroughly informed by its successful track record in high-capacity asset classes, benefiting from DAMAC's extensive expertise in real estate and established operations in varied regions, covering 10 countries including Saudi Arabia, Turkey, and Spain. The existing portfolio has surpassed 1000 MW in projected capacity, reinforcing the company’s swift expansion plans across favorable markets.
As EDGNEX gears up for this exciting phase, they aim to create a skilled workforce to support their growth strategy, emphasizing their plans to enhance their management team significantly. With a comprehensive focus on secure, scalable, and sustainable infrastructure, they aspire to set new benchmarks in providing digital services.
EDGNEX's entry marks a crucial moment in the evolving landscape of digital infrastructure, fostering innovation and technological advancement not just in the U.S., but on a global scale. This venture is a clear message of their dedication to harnessing opportunities to construct a robust global platform, enabling businesses worldwide to thrive in the digital age.,
Topics Business Technology）
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