Edgnex Data Centres by Damac (Edgnex), the UAE-based digital infrastructure company, has announced its strategic entry in the U.S. data center market with an initial investment of $20 billion
Edgnex, which specializes in the design-build-operate model of delivering data center projects, will primarily focus on building new data centers targeting a 2000MW capacity over the next four years across several U.S. states including Texas, Arizona, Oklahoma, Ohio, Illinois, Louisiana, Michigan, and Indiana.
The first phase targeting approximately 500MW will involve capacity build-up through joint ventures with partners, acquiring land banks in conjunction with utilities, and acquiring existing data centers and platforms.
| State | Investment (USD billion) |
| Texas | 4.5 |
| Arizona | 3.0 |
| Oklahoma | 2.5 |
| Ohio | 2.0 |
| Illinois | 2.0 |
| Louisiana | 2.0 |
| Michigan | 2.0 |
| Indiana | 2.0 |
Hussain Sajwani, Founder, Damac, said: “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. Leveraging our expertise in real estate and data centers, we aim to deliver best-in-class infrastructure that supports the next wave of cloud and AI growth, helping further to position the U.S. in the technology and global data ecosystem.”
Edgnex’s existing portfolio includes operations in 10 countries (UAE, KSA, Turkey, Thailand, Malaysia, Indonesia, Greece, Spain, Finland and Italy) with a projected capacity exceeding 1000MW. Current operational data centers include over 10MW in Saudi Arabia and 5MW in Thailand, which will be operational by Q1 2025. By 2026, EDGNEX aims to have over 300MW+ operational globally.
In addition to its latest foray into data centers, the Damac Group is significantly invested in the U.S. real estate industry and several private equity funds. In Miami, Damac is planning a boutique condo project designed by Zaha Hadid Architects with a $1billion gross development value. Edgnex plans to leverage Damac’s equity, bank debt, and potential third-party capital to fuel expansion in the U.S.