Du leases a Dubai land plot to develop new data center: Emirati state-owned telecoms firm Du inked an AED 170 mn land lease agreement with Dubai Holding Assets Management to use the plot in developing a greenfield data center, according to a DFM disclosure (pdf). The long-term agreement will last for 25 years with two optional renewal periods of 10 years. The plot extends for 18.6k sqm in the Dubai Design District.

REMEMBER- Du recently announced plans to build an AED 2 bn hyperscale data center in the UAE for Microsoft, which will be its main tenant. The center’s capacity is planned to be delivered in phases.

Current stocktake: The telecoms firm currently operates five data centers across the country, whose data center market capacity boasts an estimated capacity of about 500 MW, according to Mordor Intelligence data.

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