Damac snags land for US data center push

Damac snags land for USD 20 bn US data center push

Damac secures land for US data center push: Damac has secured USD 12 bn worth of land and power capacity for AI data centers in the US — roughly 1 GW — putting it more than halfway toward the USD 20 bn investment it flagged last year, Chairman Hussain Sajwani said at Davos.

Location-wise, sites in Ohio and New Jersey are already secured, with Texas under evaluation, pointing to a strategy centered on grid-ready locations.

A quick refresher: Damac committed USD 20 bn to US data centers in early 2025 through its digital infrastructure arm Damac Digital — formerly Edgnex — with scope to double it if demand holds. Sajwani now says reaching that initial USD 20 bn target would take two to four years.

Kezad launches AED 430 mn metals ecosystem

AD Ports’ subsidiary Khalifa Economic Zones Abu Dhabi (Kezad) is rolling out Metal Park, a 450k sqm integrated ecosystem for the downstream metals industry, according to a press release. The facility has an AED 430 mn investment ticket, and follows a pay-as-you-grow model that allows firms to avoid large upfront investments. The facility spans across both the Kezad freezone and mainland jurisdictions. It includes a storage facility, production hub, and business center to bring operations for firms working in the metals sector under one operating setup.

Ras Al Khair deepens its industrial push

Ras Al Khair pulls in heavy industry: The Saudi Ports Authority (Mawani) has inked a SAR 139 mn contract with Saudi-based contractor Singatac Arabia to build a 100k sqm manufacturing hub at Ras Al Khair Port. The facility will develop offshore platforms and equipment for the oil and gas sector –– equipped with a specialized welding system and heavy-lift cranes.