EDGNEX Data Centers Plans $20B Investment in U.S., Including Michigan

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, including Michigan.
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EDGNEX Data Centers by DAMAC is planning on entering the U.S. market, including Michigan. // Photo courtesy of EDGENEX

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, including Michigan.

Marking a transformative phase in its international expansion, the announced U.S. 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.

The company states it is committed to building world-class digital infrastructure platforms targeting hyperscalers, AI players, and Fortune 500 companies. The goal is to foster innovation and deliver sustainable, high-quality infrastructure that powers customers in the U.S. and around the globe.

In addition to Michigan, EDGNEX expansion plan will focus on Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, 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.

“This is an extremely exciting moment for us,” says Hussain Sajwani, founder of DAMAC. 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 U.S. in real estate and through several private equity funds.

DAMAC states its 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.

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.

Since its founding 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.

For more information, visit edgnex.com.