UAE’s DAMAC Plans to Build More Data Centers in Nordic Countries
UAE-based EDGNEX Data Centers by DAMAC has finished talks to buy data centers in the Nordic countries, taking another step in its global expansion.
Data Center Projects
The company plans to build up to 1,500 megawatts (MW) of advanced and eco-friendly digital infrastructure in the region.
DAMAC invests in data centers and technology through its subsidiary, EDGNEX, which provides digital infrastructure worldwide. EDGNEX, part of the Emirati group, builds and manages data centers in the Middle East, Asia, and Europe.
In January, EDGNEX announced a $20 billion investment to build data centers in the US. The company plans to develop high-tech facilities with a total capacity of 2,000 MW over the next four years. This announcement came after a meeting between DAMAC Chairman Hussain Sajwani and US President Donald Trump just before Trump’s inauguration.
The expansion will focus on Sunbelt states like Texas, Arizona, Oklahoma, and Louisiana, as well as Midwestern states like Ohio, Illinois, Michigan, and Indiana.
Other Investments
In December, EDGNEX bought land in Madrid, Spain, to build a 22,000-square-meter data center with a 40 MW capacity. The project is expected to be ready by 2026.
The data center will be in Vicálvaro, 10 km from Madrid International Airport and 5 km from the Internet Exchange. It will increase Madrid’s data center capacity, helping big companies expand their digital operations.
Also in December, EDGNEX partnered with Greece’s PPC Group to create a joint venture called Data In Scale. They plan to build a data center in Spata, near Athens. The first phase will cost $157 million, with construction set to start in early 2025.
Market Growth
The global data center market is valued at $127.1 billion in 2024. By 2029, it is expected to grow to $254.4 billion, with an annual growth rate of 14.9%, according to Mordor Intelligence.
Published: 2nd April 2025
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