Trending...
- JMC Princess Announces Release of Empowering New Single "PRETTY" – A Summer Anthem for Young Girls Everywhere
- $77.8 Million in Revenue Through April 2025, Confirms Full-Year Guidance; Fast-Track to 400 Million Run Rate; $1 Billion Target After Key Acquisition
- Tavro AI Launches Data and AI Governance Agents to Help Chief Data and AI Officers Turbo-Charge Blended Teams of Humans and AI Agents
~ DUBAI and PALM BEACH, Florida - EDGNEX Data Centers by DAMAC, a global digital infrastructure company based in Dubai and fully owned by the DAMAC Group, has announced its strategic entry into the US data center market. This marks a transformative phase in the company's international expansion. The expansion into the US will see the establishment of state-of-the-art data centers with a capacity of 2000 MW over the next four years.
The company has announced an initial investment of $20 billion, with the potential to double the investment based on future demand, market opportunities, and scalability. This move is in line with EDGNEX's commitment to building world-class digital infrastructure platforms targeting hyperscalers, AI players, and Fortune 500 companies. It aims to encourage innovation and provide sustainable and high-quality infrastructure that powers clients in the US and around the world.
More on The Floridant
Founder and Chairman of DAMAC, Mr. Hussain Sajwani, stated that the US market is essential to their global growth strategy. As a group, DAMAC has significant investments in the US through various private equity funds and real estate projects in Miami. The expansion of their data center operations will focus on key regions in the US, including the Sun Belt states and Midwest states such as Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
This announcement was made during a meeting between Mr. Sajwani and US President-elect Donald Trump at Mar-a-Lago in Palm Beach on January 7th. Mr. Trump expressed his excitement about EDGNEX's investment in the US market and its potential to create jobs and drive economic growth.
EDGNEX's expansion into the US data center market is part of its larger goal to become a leading player in global digital infrastructure. With its cutting-edge technology and commitment to sustainability, it aims to meet growing demand for data storage solutions from businesses worldwide.
The company's investment in the US market is a testament to the strong economic ties between the UAE and the US. It also highlights the UAE's position as a global leader in digital innovation and its commitment to supporting international partnerships for mutual growth and development.
The company has announced an initial investment of $20 billion, with the potential to double the investment based on future demand, market opportunities, and scalability. This move is in line with EDGNEX's commitment to building world-class digital infrastructure platforms targeting hyperscalers, AI players, and Fortune 500 companies. It aims to encourage innovation and provide sustainable and high-quality infrastructure that powers clients in the US and around the world.
More on The Floridant
- Goldstar Rehabilitation Celebrates 15 Years of Early Intervention Across Southeastern PA
- United States Congressional Candidate Peter Coe Verbica Unveils 25-Point Federal Plan to Help Make California Affordable Again
- D8Averse Launches D8Acapture: Disruptive Mobile-First App Transforms Utility Pole Data Collection
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator
- Mauro Schnaidman named as Managing Director in Miami, Florida
Founder and Chairman of DAMAC, Mr. Hussain Sajwani, stated that the US market is essential to their global growth strategy. As a group, DAMAC has significant investments in the US through various private equity funds and real estate projects in Miami. The expansion of their data center operations will focus on key regions in the US, including the Sun Belt states and Midwest states such as Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
This announcement was made during a meeting between Mr. Sajwani and US President-elect Donald Trump at Mar-a-Lago in Palm Beach on January 7th. Mr. Trump expressed his excitement about EDGNEX's investment in the US market and its potential to create jobs and drive economic growth.
EDGNEX's expansion into the US data center market is part of its larger goal to become a leading player in global digital infrastructure. With its cutting-edge technology and commitment to sustainability, it aims to meet growing demand for data storage solutions from businesses worldwide.
The company's investment in the US market is a testament to the strong economic ties between the UAE and the US. It also highlights the UAE's position as a global leader in digital innovation and its commitment to supporting international partnerships for mutual growth and development.
Filed Under: Business
0 Comments
Latest on The Floridant
- Florida: Governor Ron DeSantis Signs Four Bills
- Florida: Flags at Half-Staff in Honor of Pulse Remembrance Day
- Robert Michael & Co. Launches New Real Estate Website to Serve Central Florida Homebuyers and Sellers
- IFFA 2025 Shines Bright as Mukesh Modi Welcomes Rio Rocket and Award Winner Lulu Lopez
- Blockticity Launches Avalanche-Powered L1 to Authenticate $1.2B+ in Global Trade
- Price Rite Marketplace Rolling Out Starlite Media's Cutting-Edge Digital Display Technology
- Kemeny, Ramp & Renaud Expands Legal Team with Attorney Baruch Kraut
- CEO of JB Tyler Marketing & Consulting Named a United States Ambassador to GEC 2025
- "Prestige Auto Tech Debunks Warranty Myth and Raises the Bar for European Auto Repair in Miami"
- WOA Entertainment Group Unveils Independent No.1's: Breakthrough Artists II —A Celebration of Indie Excellence
- SheepFeast Launches "1 Million Discipled" Global Initiative to Empower Disciple-Making Around the World
- Clouds Travel Launches Custom Tours to Georgia for American Travelers Seeking Authentic Experiences
- Florida: Governor Ron DeSantis to Lead International Trade and Business Development Mission to France and the 55th International Paris Air Show
- iCruiseApp.com Officially Launches: The Smarter, Simpler Way to Compare, Choose, and Cruise™
- Sun City Resident Realtor Launches Exclusive Weekly Market Update for Bluffton's 55+ Communities!
- Delta Capital Group, Inc. Earns A+ Rating from the Better Business Bureau, Marking Another Milestone in Explosive Growth
- Vice President JD Vance & Industry Leaders at Bitcoin Conference After Partnership Signing to Optimize Cybersecurity Solutions: Bullet Blockchain, Inc
- Actress/Comedian Schelle Purcell Sizzles This Summer with Star-Making Turn in Tyler Perry's #1 Netflix Film, Straw, and Upcoming Comedy Special
- Braxus Entertainment Group Acquires All Star Events
- Global Expansion Fueled via Agreement to Take 90% Ownership of Nook Holdings UAE-Based Sports Incubator by Online Lottery & Sports Game Provider