- EDGNEX Data Centers by DAMAC is committing $20B to the US data center market, with the potential to double the investment to $40B.
- The first phase involves acquiring land banks, utilities, and existing data centers, starting with two facilities totaling 500MW of power capacity.
- Over 4 years, EDGNEX aims to build 2K MW of data center capacity across Midwest and Sunbelt states, including Ohio, Illinois, Michigan, Texas, and Arizona.
- The investment aligns with a surge in US data center expansion by major players like Amazon Web Services, Meta, and Oracle.
EDGNEX Data Centers has announced a $20B investment in the US data center market, with plans to expand across Midwest and Sunbelt states, per GlobeSt.
The Dubai-based digital infrastructure firm, part of the DAMAC Group, sees this as a major step in building a global data infrastructure platform and supporting the next wave of cloud and AI growth.
Initial Focus
The first phase of EDGNEX’s US expansion involves purchasing land banks with utility access and acquiring existing data centers. The company plans to launch two initial facilities, one in the Midwest and one in the Sunbelt, with a combined power capacity of 500 MW.
Over the next four years, EDGNEX aims to develop 2K MW of capacity across key states including Ohio, Illinois, Michigan, Indiana, Texas, Arizona, Oklahoma, and Louisiana.
The company is also considering doubling its total US investment to $40B, based on market demand and scalability.
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Strategic Vision
Hussain Sajwani, founder of DAMAC, emphasized that the US expansion is part of a broader strategy to build a global data infrastructure platform.
“Our foray into the U.S. data center market is a milestone, empowering businesses and positioning the U.S. as a leader in the global data ecosystem,” Sajwani said.
EDGNEX plans to leverage its expertise in both real estate and data center infrastructure, combining its parent company’s development experience with advanced digital infrastructure solutions.
Bigger Picture
EDGNEX’s ambitious US debut aligns with growing trends in the data center sector. Recent large-scale projects include:
- Amazon Web Services: $11B investment in AI and cloud infrastructure in Georgia.
- Meta: $10B AI data center in Richland Parish, Louisiana.
- Oracle: $10B committed to expanding its data center footprint.
This surge reflects the rapidly growing demand for AI computing power and cloud storage, positioning EDGNEX among some of the biggest data center managers globally.
Looking Ahead
As the US continues to see significant growth in cloud services and AI infrastructure demand, EDGNEX’s $20B investment is a strategic entry into one of the world’s most competitive digital markets.
If market demand remains strong, the company’s commitment could expand to $40B, further solidifying its role as a key player in global data infrastructure development.
