Building a global platform for exponential growth
Posted: Sun Feb 16, 2025 6:20 am
In addition to its recent foray into data centers, DAMAC as a group also has significant real estate investments in the United States through various private equity funds. In Miami, DAMAC is planning a boutique condominium project designed by Zaha Hadid Architects with a GDV of 1 billion. DAMAC will continue to seek strategic real estate opportunities in the United States.
DAMAC's success in real estate in the Middle East and globally provides the foundation for expansion into high-capital, high-yield asset classes such as data centres. The adoption of cloud and AI technologies by businesses slovenia telegram data of all sizes presents a significant growth opportunity that will continue for 15 years, reinforcing DAMAC’s commitment to seize the opportunity and build a strong global platform to serve international markets.
Progress and Timeline
EDGNEX's current portfolio includes operations in 10 countries UAE, Saudi Arabia, Turkey, Thailand, Malaysia, Indonesia, Greece, Spain, Finland and Italy with an expected capacity of more than 1,000MW. Current data centers in operation include a data center of over 10MW in Saudi Arabia and a 5MW data center in Thailand, which will begin operations in the first quarter of 2025. By 2026, EDGNEX aims to operate more than 300MW of capacity worldwide.
DAMAC's success in real estate in the Middle East and globally provides the foundation for expansion into high-capital, high-yield asset classes such as data centres. The adoption of cloud and AI technologies by businesses slovenia telegram data of all sizes presents a significant growth opportunity that will continue for 15 years, reinforcing DAMAC’s commitment to seize the opportunity and build a strong global platform to serve international markets.
Progress and Timeline
EDGNEX's current portfolio includes operations in 10 countries UAE, Saudi Arabia, Turkey, Thailand, Malaysia, Indonesia, Greece, Spain, Finland and Italy with an expected capacity of more than 1,000MW. Current data centers in operation include a data center of over 10MW in Saudi Arabia and a 5MW data center in Thailand, which will begin operations in the first quarter of 2025. By 2026, EDGNEX aims to operate more than 300MW of capacity worldwide.