Edgnex Data Centers, a subsidiary of Dubai-based real estate developer Damac, has announced its strategic entry into the US data center market. This move marks a significant phase in the company’s global expansion, following its rapid growth across the Middle East, Southeast Asia, and Europe since its inception in 2021.
The expansion into the US will introduce secure, scalable, and sustainable digital infrastructure to the market. Edgnex plans to initially invest $20 billion, with the potential to double the investment based on market demand and scalability. The company aims to deliver cutting-edge data centers with a target capacity of 2000MW over the next four years.
Focusing on Sunbelt states such as Texas, Arizona, Oklahoma, and Louisiana, as well as Midwest states like Ohio, Illinois, Michigan, and Indiana, Edgnex plans to build its capacity through joint ventures, land acquisitions, and the purchase of existing data centers. The first phase of the expansion will represent 500MW capacity, with one facility in the Sunbelt and another in the Midwest.
Hussain Sajwani, Founder of Damac, stated that this marks an exciting step for the company, as it strengthens its global digital infrastructure platform. The expansion leverages Damac’s expertise in real estate and data centers to support the next wave of cloud and AI growth, with the goal of positioning the US as a leader in the global data ecosystem.
Damac’s investments extend beyond data centers, with notable real estate ventures, including a $1 billion development in Miami designed by Zaha Hadid Architects. Edgnex’s portfolio includes operations in 10 countries, with a projected capacity exceeding 1000MW. The company aims to have over 300MW operational globally by 2026.
