Edgnex to invest $20 billion in U.S. data centre expansion
DAMAC's data centre company targets 2000MW U.S. data centre capacity
#UAE #datacentres – Dubai-headquartered digital infrastructure investor-operator EDGNEX Data Centres by DAMAC has announced its entry into the U.S. market with a planned $20 billion investment to develop state-of-the-art data centres. Targeting 2000 Megawatts (MW) in total capacity, the plan focuses on Sun Belt and Midwest states, with an opportunity to double investment based on future demand. EDGNEX aims to deliver cutting-edge infrastructure for hyperscalers, AI firms, and Fortune 500 companies, reinforcing the U.S. role in the global AI and data ecosystem.
SO WHAT? – This week’s US expansion announcement underscores EDGNEX’s ambitions to become a global leader in digital infrastructure and its positioning as a group able to deploy infrastructure at the biggest scale. EDGENEX aims to be a key player in the market for AI compute and high performance computing: a market in which the USA leads demand by a wide margin. The group’s ability to leverage expertise in real estate, investment and technology infrastructure could make it a strong contender in the U.S. market.
Here as some key facts about this announcement:
President-elect Donald Trump and Emirati billionaire Hussain Sajwani, founder of the DAMAC group, announced $20 billion of foreign investment in the building of state-of-the-art data centres in the USA by DAMAC’s data infrastructure specialist EDGNEX Data Centres.
EDGNEX has committed $20 billion in investment to develop data centres in the U.S., with the potential to double the amount based on demand. The company will leverage DAMAC equity, bank debt, and potential third-party capital for its U.S. expansion.
The data centre builder plans to deploy 2000MW in capacity over four years, with an initial phase of 500MW across Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana. The first phase will involve joint ventures, land bank acquisitions, and existing platform purchases.
DAMAC is already heavily invested in U.S. real estate, including a $1 billion boutique condo project in Miami designed by Zaha Hadid Architects.
EDGNEX currently operates in 10 countries with a projected capacity exceeding 1000MW globally, including active sites in Saudi Arabia and Thailand.
The demand for cloud and AI infrastructure presents a significant 15-year growth opportunity.
ZOOM OUT – The global data centre market is projected to grow to $343 billion by 2030, driven by rising cloud adoption and fast-growing demand for AI applications. EDGNEX’s U.S. expansion taps into this trend, targeting regions with strong infrastructure needs and innovation potential. DAMAC’s diversified portfolio, from real estate to private equity, ensures the financial stability and investment capability to fuel high-capex ventures.
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