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Dubai-Based EDGNEX Plans $20B Expansion into U.S. Data Center Market
Dubai-headquartered global digital infrastructure company EDGNEX Data Centers by DAMAC plans to enter the U.S. market, targeting a 2,000-megawatt capacity over the next four years. EDGNEX announced an initial investment of $20 billion with potential plans of doubling the investment on the basis of future demand, market opportunity and scalability.
Announced at a news conference Tuesday with President-elect Donald Trump, the expansion plan will focus on Sun Belt states, specifically Texas, Arizona, Oklahoma and Louisiana; and four Midwest states: Ohio, Illinois, Michigan and Indiana. EDGNEX said the endeavor aligns with its commitment to building world-class digital infrastructure platforms targeting hyperscalers, AI players and Fortune 500 companies alike.
“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,” said DAMAC founder Hussain Sajwani.
The first phase includes capacity build-up through joint ventures with partners, acquiring land banks in conjunction with utilities and acquiring existing data centers and platforms.
- ◦Sale/Acquisition
- ◦Development
