EDGNEX Data Centers by DAMAC Announces Expansion into the U.S. Market with 2000MW projected future capacity

• EDGNEX announced an initial $20 Billion investment with a plan to potentially double the investment based on future demand
• The U.S. market is critical to EDGNEX's global and exponential growth strategy.
• As a group, DAMAC is invested significantly in the U.S. through several private equity funds and in real estate in Miami.
• The data center expansion will include key U.S. regions, i.e. Sunbelt and Midwest states.

DUBAI and PALM BEACH, Fla., Jan. 8, 2025 /PRNewswire/ -- Dubai-headquartered global digital infrastructure company EDGNEX Data Centers by DAMAC (fully owned by global group DAMAC) has announced its strategic entry in data centers into the United States market, marking a transformative phase in its international expansion. The announced US expansion will deliver state-of-the-art data centers targeting a 2000MW capacity over the next four years. EDGNEX announced an initial investment of $20 Billion with potential plans of doubling the investment on the basis of future demand, market opportunity and scalability. This endeavor is aligned with EDGNEX's commitment to building world-class digital infrastructure platforms targetting hyperscalers, AI players, and Fortune 500 companies alike, fostering innovation and delivering sustainable, high-quality infrastructure that powers customers in the U.S. and around the globe. EDGNEX expansion plan will focus on sunbelt states specifically Texas, Arizona, Oklahoma, and Louisiana and midwest states: Ohio, Illinois, Michigan, and Indiana.

 
Founder and Chairman of DAMAC Mr. Hussain Sajwani with US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, January 7, 2025.

The first phase includes capacity build-up through joint ventures with partners, acquiring land banks in conjunction with utilities, and acquiring existing data centers and platforms. It will represent approximately 500MW capacity—one in the Sunbelt and one in the Midwest. This will meet the growing current demand as EDGNEX continues to scale.

Statement from Mr. Hussain Sajwani, Founder, DAMAC:
"This is an extremely exciting moment for us. Our foray into the U.S. market in data centers represents a significant milestone in our journey to build a global digital infrastructure platform that will empower businesses today and in the future. Leveraging our expertise in real estate and data centers, we aim to deliver best-in-class infrastructure that supports the next wave of cloud and AI growth, helping further to position the U.S. in the technology and global data ecosystem."

Besides its latest foray into data centers, DAMAC as a Group is significantly invested in the US in real estate and through several private equity funds. In Miami, DAMAC is planning a boutique condo project designed by Zaha Hadid Architects with a 1bn$ GDV development value. DAMAC continues to look for strategic real estate opportunities in the U.S.

Building a Global Platform Exponentially
DAMAC's success in real estate in the Middle East and globally has provided the foundation for ventures into high-capex, high-yield asset classes like data centers. Enterprises of all sizes adopting cloud and AI technologies present a significant 15-year growth opportunity that reinforces DAMAC's commitment to seizing opportunities and establishing a robust global platform that serves international markets. 

Progress and Timeline
EDGNEX's existing portfolio includes operations in 10 countries (UAE, KSA, Turkey, Thailand, Malaysia, Indonesia, Greece, Spain, Finland and Italy) with a projected capacity exceeding 1000MW+. Current operational data centers include over 10MW in Saudi Arabia and 5MW in Thailand, which will be operational by Q1 2025. By 2026, EDGNEX aims to have over 300MW+ operational globally.

Management and Growth Strategy
EDGNEX, with a management team of 100+ professionals based in the Middle East, Europe and Asia, is actively expanding its team to support these growth plans. Since its inception in 2021, EDGNEX has rapidly expanded across the Middle East, Southeast Asia and Europe, setting the stage for a strategic entry into the U.S. market. EDGNEX brings and sets new benchmarks in secure, scalable, and sustainable digital infrastructure. DAMAC is an infrastructure provider and does not handle or manage data privacy or compliance. EDGNEX plans to leverage DAMAC's equity, bank debt, and potential third-party capital to fuel expansion in the U.S.

About EDGNEX
EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly owned subsidiary of the DAMAC Group, providing a foundation for local innovation across the globe and disrupting the data center market with new speed and agility. EDGNEX proactively builds, buys, or partners to serve the next wave of demand for data center services. www.edgnex.com

For further information, please contact:
EDGNEX / DAMAC Corporate Communications
Email: corporatecommunications@damacgroup.com
Website: www.edgnex.com 

Video - https://mma.prnasia.com/media2/2593194/DAMAC_1.mp4
Video - https://mma.prnasia.com/media2/2593138/DAMAC_2.mp4
Photo - https://mma.prnasia.com/media2/2593055/DAMAC_3.jpg?p=medium600
Photo - https://mma.prnasia.com/media2/2593059/DAMAC_4.jpg?p=medium600

 
Founder and Chairman of DAMAC Mr. Hussain Sajwani with US President-elect Donald Trump, at Mar-a-Lago in Palm Beach, Florida, January 7, 2025.

DUBAI and PALM BEACH, Fla., Jan. 8, 2025 /PRNewswire/ -- Dubai-headquartered global digital infrastructure company EDGNEX Data Centers by DAMAC (fully owned by global group DAMAC) has announced its strategic entry in data centers into the United States market, marking a transformative phase in its international expansion. The announced US expansion will deliver state-of-the-art data centers targeting a 2000MW capacity over the next four years. EDGNEX announced an initial investment of $20 Billion with potential plans of doubling the investment on the basis of future demand, market opportunity and scalability. This endeavor is aligned with EDGNEX's commitment to building world-class digital infrastructure platforms targetting hyperscalers, AI players, and Fortune 500 companies alike, fostering innovation and delivering sustainable, high-quality infrastructure that powers customers in the U.S. and around the globe. EDGNEX expansion plan will focus on sunbelt states specifically Texas, Arizona, Oklahoma, and Louisiana and midwest states: Ohio, Illinois, Michigan, and Indiana.

The first phase includes capacity build-up through joint ventures with partners, acquiring land banks in conjunction with utilities, and acquiring existing data centers and platforms. It will represent approximately 500MW capacity—one in the Sunbelt and one in the Midwest. This will meet the growing current demand as EDGNEX continues to scale.

Statement from Mr. Hussain Sajwani, Founder, DAMAC:
"This is an extremely exciting moment for us. Our foray into the U.S. market in data centers represents a significant milestone in our journey to build a global digital infrastructure platform that will empower businesses today and in the future. Leveraging our expertise in real estate and data centers, we aim to deliver best-in-class infrastructure that supports the next wave of cloud and AI growth, helping further to position the U.S. in the technology and global data ecosystem."

Besides its latest foray into data centers, DAMAC as a Group is significantly invested in the US in real estate and through several private equity funds. In Miami, DAMAC is planning a boutique condo project designed by Zaha Hadid Architects with a 1bn$ GDV development value. DAMAC continues to look for strategic real estate opportunities in the U.S.

Building a Global Platform Exponentially
DAMAC's success in real estate in the Middle East and globally has provided the foundation for ventures into high-capex, high-yield asset classes like data centers. Enterprises of all sizes adopting cloud and AI technologies present a significant 15-year growth opportunity that reinforces DAMAC's commitment to seizing opportunities and establishing a robust global platform that serves international markets. 

Progress and Timeline
EDGNEX's existing portfolio includes operations in 10 countries (UAE, KSA, Turkey, Thailand, Malaysia, Indonesia, Greece, Spain, Finland and Italy) with a projected capacity exceeding 1000MW+. Current operational data centers include over 10MW in Saudi Arabia and 5MW in Thailand, which will be operational by Q1 2025. By 2026, EDGNEX aims to have over 300MW+ operational globally.

Management and Growth Strategy
EDGNEX, with a management team of 100+ professionals based in the Middle East, Europe and Asia, is actively expanding its team to support these growth plans. Since its inception in 2021, EDGNEX has rapidly expanded across the Middle East, Southeast Asia and Europe, setting the stage for a strategic entry into the U.S. market. EDGNEX brings and sets new benchmarks in secure, scalable, and sustainable digital infrastructure. DAMAC is an infrastructure provider and does not handle or manage data privacy or compliance. EDGNEX plans to leverage DAMAC's equity, bank debt, and potential third-party capital to fuel expansion in the U.S.

About EDGNEX
EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly owned subsidiary of the DAMAC Group, providing a foundation for local innovation across the globe and disrupting the data center market with new speed and agility. EDGNEX proactively builds, buys, or partners to serve the next wave of demand for data center services. www.edgnex.com

For further information, please contact:
EDGNEX / DAMAC Corporate Communications
Email: corporatecommunications@damacgroup.com
Website: www.edgnex.com 

Video - https://mma.prnasia.com/media2/2593194/DAMAC_1.mp4
Video - https://mma.prnasia.com/media2/2593138/DAMAC_2.mp4
Photo - https://mma.prnasia.com/media2/2593055/DAMAC_3.jpg?p=medium600
Photo - https://mma.prnasia.com/media2/2593059/DAMAC_4.jpg?p=medium600

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

EDGNEX Data Centers by DAMAC Announces Expansion into the U.S. Market with 2000MW projected future capacity

EDGNEX Data Centers by DAMAC Announces Expansion into the U.S. Market with 2000MW projected future capacity

HO CHI MINH CITY, Vietnam, Dec. 22, 2025 /PRNewswire/ -- Vietnam's industrial real estate market is regaining momentum, supported by recovering manufacturing activity, resilient foreign direct investment (FDI) inflows, and accelerated infrastructure development, according to recent market data and industry participants.

In the first 11 months of 2025, registered FDI reached nearly USD 33.7 billion, while disbursed capital totaled approximately USD 23.6 billion, the highest level recorded in five years. The figures underscore sustained long-term investor confidence in Vietnam despite ongoing global trade volatility and geopolitical uncertainties.

Manufacturing sentiment has shown signs of stabilization, with Vietnam's Purchasing Managers' Index improving and EuroCham's Business Confidence Index reaching a three-year high in the third quarter. Industrial developers report that tenants have resumed lease negotiations and land handovers following earlier tariff-related concerns.

Demand for ready-built factories (RBF) and ready-built warehouses (RBW) has remained firm, with occupancy rates remaining high and rental prices continuing to rise, particularly in key industrial corridors. International property consultants note that while new supply is expected to increase in both northern and southern regions, leasing demand remains concentrated in higher value-added sectors such as electronics, technology, and industrial components.

In infrastructure development, KCN Vietnam has recently brought several projects into operation that have achieved LEED Gold certification, including the second phase of its 23.2-hectare ready-built project in DEEP C Industrial Zone in Hai Phong and 14.5-hectare in Nhon Trach 6D Industrial Zone in Dong Nai, reflecting a growing focus on sustainable industrial development.

This year, new product formats such as two-storey factory buildings were introduced to expand options for small and medium-sized enterprises, while projects including KCN An Phat in Hai Phong and a new subdivision of KCN Ho Nai in Dong Nai are under construction and expected to add about 100,000 square meters of factory and warehouse space by mid–second quarter of 2026

"Investors are increasingly prioritizing facilities that are operationally ready, technically standardized, and aligned with sustainability requirements," said Mr. Hardy Diec, Chief Operating Officer at KCN Vietnam.

Analysts expect Vietnam's industrial property sector to benefit further from large-scale infrastructure investment, administrative restructuring, and continued shifts in global supply chains, reinforcing the country's role as a regional production and logistics hub.

ABOUT KCN VIETNAM

Established in 2021, KCN Vietnam Group is a professional industrial property developer in Vietnam. To date, its project portfolio comprises 10 high-quality, ready-built warehouse and factory projects strategically situated in industrial zones across Southern and Northern Vietnam, including DEEP C, Phuc Dien & An Phat (Hai Phong), Thuan Thanh 3B & Tan Hung (Bac Ninh), Ho Nai (Dong Nai), Phu An Thanh (Tay Ninh), Song Than 3 (Ho Chi Minh City), with a total land bank exceeding 300 hectares.

KCN Vietnam Group's mission is to develop, design, and manage industrial and logistics infrastructure to meet the growing demand for high-quality industrial real estate for lease, while supporting businesses and promoting Vietnam's sustainable growth.

Looking ahead, KCN Vietnam Group aims to expand its investment portfolio to become the leading industrial real estate platform in Vietnam. Its long-term vision is to position itself as the top choice for businesses, playing a pivotal role in Vietnam's emergence as a sustainable industrial hub on the global stage.

KCN Vietnam Group has been recognized as the Best Industrial Real Estate Developer by Nhip Cau Dau Tu Magazine for three consecutive years (2023-2025), Top 50 Sustainable Development Enterprises (2024-2025). Additionally, the group was named among the Top 10 Leading Real Estate Developers in Vietnam at the BCI Asia Awards in 2023, 2025.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Vietnam Industrial Property Market Rebounds on Infrastructure Push and Strong FDI