Dubai Billionaire Plans to Build Data Centers Across Asia
- Damac-owned Edgnex to invest $3 billion over next five years
- Edgnex ties-up with Nvidia cloud partner Siam AI in Thailand
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Damac Group, backed by billionaire developer Hussain Sajwani, plans to invest about $3 billion to build data centers across Southeast Asia as the region becomes a hub for AI and cloud services.
Edgnex Data Centers, a unit of the Dubai-based conglomerate, envisions spending the capital in Malaysia, Indonesia and Thailand over the next three to five years, said Danish Nayar, senior vice president of investments and acquisitions. The first of three Thai facilities, which will start operating March in Bangkok, will feature Nvidia Corp. chips.