EDGNEX Data Centers, a global digital infrastructure company headquartered in Dubai, has announced its plans to enter the U.S. market with a target of reaching 2,000-megawatt capacity within the next four years. The company will initially invest $20 billion and may potentially double this investment based on future demand and scalability.
The expansion was revealed at a news conference held with President-elect Donald Trump on Tuesday. EDGNEX’s focus will be on Sun Belt states such as Texas, Arizona, Oklahoma and Louisiana; as well as four Midwest states including Ohio, Illinois, Michigan and Indiana. This move aligns with the company’s commitment to developing top-notch digital infrastructure platforms for hyperscalers (large-scale cloud computing providers), AI players and Fortune 500 companies.
According to DAMAC founder Hussain Sajwani: “Our entry into the U.S. data center market is an important step towards our goal of creating a global digital infrastructure platform that can support businesses now and in the future.” The first phase of this expansion includes building capacity through joint ventures with partners; acquiring land banks alongside utilities; and purchasing existing data centers or platforms.
This announcement was originally published by Connect CRE.
