31-03-2025
EDGNEX Data Centers by DAMAC eyes Nordic expansion
Image: DAMAC
UAE-based EDGNEX Data Centers by DAMAC is reportedly in advanced discussions to acquire data centres across the Nordics, marking another step in its ambitious international expansion.
The move is part of the company's strategy to develop up to 1,500MW of next-generation, sustainable digital infrastructure in the region, according to independent sources.
If finalised, the deal would strengthen EDGNEX's footprint in Europe, complementing its recently announced Madrid facility and aligning with its broader vision to establish a global platform serving hyperscalers, AI companies, and enterprise clients.
Strategic expansion into the Nordics
The potential acquisition in the Nordics is in line with EDGNEX's objective to build a sustainable and high-capacity data centre portfolio across key global markets. The region is an attractive location for data centres due to its abundant renewable energy, favourable climate for cooling, and growing demand for digital infrastructure from global technology firms.
The expansion would enable
US market entry with $20bn investment
This development follows
The company's US strategy focuses on key Sunbelt states, including Texas, Arizona, Oklahoma, and Louisiana, and the Midwest states such as Ohio, Illinois, Michigan and Indiana.
Commenting on the investment at the time, Sajwani said, 'Our foray into the US market in data centres 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.'
The first phase of EDGNEX's US expansion includes the acquisition of land banks, partnerships with utilities, and joint ventures to establish an initial capacity of 500MW — one in the Sunbelt and one in the Midwest.
Strengthening European presence with Madrid facility
EDGNEX has also been expanding its European footprint, acquiring a prime 22,000 square metre site in Madrid for the development of a 40MW data centre in October last year. The facility, located in the Vicalvaro region, is set to commence operations by 2026.
Madrid is increasingly becoming a key data centre market outside of the traditional FLAPD hubs (Frankfurt, London, Amsterdam, Paris, and Dublin), driven by strong demand for high-quality digital infrastructure.
EDGNEX focused on growing global footprint
EDGNEX currently operates in countries such as the UAE, Saudi Arabia, Turkey, Thailand, Malaysia, Indonesia, Greece, Spain and Italy, with a projected capacity of over 1,000MW.
The company's existing operational data centres include a 10MW facility in Saudi Arabia and a 5MW facility in Thailand, set to be operational by Q1 2025.
By 2026, EDGNEX aims to surpass 300MW of operational capacity globally.
