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~ 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.
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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.
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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.
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