"Damac" plans to invest $ 3 billion in data centers in Asia

The Damac group, supported by billionaire developer Hussein Sajwani, plans to invest about $ 3 billion in establishing data centers in Southeast Asia; Where the region becomes an important center for cloud services and artificial intelligence. According to the Danish Nair, the first vice president of investments and acquisitions, the Edgnex Data Centers, which is in Dubai, in Dubai, in Dubai, in Dubai, in Dubai, in the launch of these investments in Malaysia, Indonesia and Thailand. Nair explained that the first data center in Thailand, which will start in Bangkok next March, will use the foil of the “Invidia” business. Diversification of “Damac” works “Damac”, a private company that focuses on real estate activity in Dubai, which diversify its business to include the technology and fashion sectors. This investment in Southeast Asia comes as part of a broader plan to spend between $ 5 billion to expand the ‘Edgenix’ operations worldwide, according to Nair’s statements to ‘Bloomberg’. The company seeks to provide a digital infrastructure that can incorporate the advanced servers needed to store data and provide artificial intelligence services. Since its founding in 2021, Edgenx has already run a data center in Riyadh and Dammam. Nair indicated that the company bought countries to establish two additional data centers in Malaysia and Indonesia, with the process of most of them equipped with the new ‘black’ of ‘Invidia’. The establishment of similar data centers in Vietnam and the Philippines is also studying in the midst of expectations to announce these plans by 2025. Nair’s ability to expand Nair’s ability, said: “We currently have an expected capacity of more than 550 MW in Southeast Asia, which means this market could be a chance of $ 5 billion, and we are working to expand this capacity.” Thailand, who is a traditional industrial center in the car and electronic sectors, is on his part to catch Malaysia and Singapore to develop its technical industries. Over the past few years, the country has managed to attract billions of dollars investments from companies such as “Amazon”, “Google” and “Microsoft”. During the current week, ‘Invidia’ CEO, Jensen Huang, visited Thailand as part of his Asian tour that included India and Japan. On the sidelines of the visit, he met Premier Bitongarn Chenatawra and discussed cooperation in education related to artificial intelligence. Edgenx is currently working with Siam Ai, the start of the field of data insurance, and is an official partner of “Invidia” in Cloud Services. The company will assign part of the ability of its future data centers in Bangkok to this partnership, while jointly providing ‘invitations’ discs. The reports of “MacQuari Ikyetti Research” indicate that Thailand represents the ‘next destination’ of the wealth of data centers, and notes the abundance of energy supplies and the stability of the electrical network as a major attraction. Nevertheless, the shortage of skilled workers is a major challenge, according to a report compiled by analyst Kochl Lada and published last week.