Edgnex Data Centres, a subsidiary of Damac Group and a global provider of digital infrastructure, has announced its second major investment in Thailand, committing over 32 billion Baht (approximately $1 billion) towards a series of data centre projects. This initiative underscores Edgnex’s dedication to enhancing digital infrastructure in the Southeast Asia (SEA) region.
The company has entered into a joint venture with Proen Corp Public Company Limited, a prominent player in Thailand’s technology sector. This partnership represents a significant expansion of Edgnex’s presence in Thailand, reinforcing its commitment to supporting the ongoing digital transformation in the country.
The joint venture will include the development of a state-of-the-art data centre project with a total potential capacity of 20 MW. The first phase, which will provide 5 MW of capacity, is slated to become operational in early 2025. This facility will be carrier-neutral and equipped with Tier III uptime certification, ensuring world-class reliability and resilience for its clients. The joint venture aims to finalize operations within the year.
Major Stake and Government Support
Edgnex will hold a 70% stake in the joint venture and will oversee data centre operations. The event was graced by Prasert Chantararuangthong, Deputy Prime Minister and Minister of Digital Economy and Society, who articulated the government’s vision for investment in the digital sector.
“I am honored to witness this joint venture, which presents a remarkable opportunity to connect with key figures driving Thailand into the digital era. The Thai government acknowledges the importance of establishing a robust digital infrastructure. Our policies support the growth of the digital industry in all aspects,” said Chantararuangthong.
This investment is expected to significantly enhance Thailand’s data processing capabilities, attracting global investors and creating valuable opportunities for local professionals in the digital business sector.
Commitment to Growth in Southeast Asia
Hussain Sajwani, Founder of Damac Group, expressed enthusiasm for expanding investment in SEA, particularly in Thailand, highlighting the country’s potential for growth in digital innovation and smart technologies. “We aim to support Thailand’s burgeoning digital economy and provide infrastructure for the next generation of AI-driven businesses. This commitment includes a pipeline of approximately 100 MW of future data centre capacity,” he stated.
Kittipan Sri-bua-iam, CEO of Proen Corp Public Company Limited, remarked on the partnership’s significance. “This collaboration with Edgnex Data Centres marks a key development in the data centre sector, addressing Thailand’s growing demand for digital infrastructure. We are eager to introduce excellence and innovation to the market.”
An exclusive press conference was held to celebrate this milestone, featuring senior executives from both Edgnex and Proen Corp.
The Asia-Pacific data centre market is projected to experience significant growth, with estimates suggesting an increase from 14.27 thousand MW in 2024 to 23.2 thousand MW by 2029, reflecting a compound annual growth rate (CAGR) of 10.21%.
