Damac’s Edgnex to land in Jakarta: UAE-based Damac’s data center arm Edgnex is set to invest USD 2.3 bn (AED 8.4 bn) to develop a next-generation AI-powered data center in Jakarta, Indonesia, according to a press release. Damac acquired the land earmarked for the project earlier in March and has launched early phase construction at the site.

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The details: The project — Damac’s second in Indonesia — is forecasted to have a capacity of 144 MW once completed. The first phase is scheduled for operations by December 2026. The plan includes the integration of high-density AI-racks and a power usage effectiveness 1.32 PUE rate at the site.

REMEMBER- The company revealed plans back in December to invest approximately USD 3 bn in establishing data centers across Southeast Asia through its subsidiary Edgnex over the next three to five years, primarily targeting Malaysia, Indonesia, and Thailand. The firm had been planning to invest USD 5 bn to 7 bn globally over the next few years to expand its operations and address rising demand for digital infrastructure, Danish Nayar, senior vice president of investments and acquisition at Damac Group, told Bloomberg previously.

Damac is making waves in the global data center sector:

  • North America: Damac committed USD 20 bn to US data centers, with a focus on supporting AI and cloud businesses, with the possibility of “doubling” its investment depending on market demand;
  • Saudi Arabia: Edgnex is also investing USD 600 mn in data centers in Dammam and Riyadh in Saudi Arabia — expected to launch this year. The company also signed a MoU with Salam, Cinturion, and Emaar, Economic City, to develop a digital infrastructure hub in Jeddah;
  • Turkey + Greece: Edgnex allocated USD 100 mn with Vodafone Turkey for a 6 MW data center in Izmir, also set to go online this year, as well as a separate initial USD 150 mn investment for a data center in Sparta, Greece.
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