Damac to Expand Digital Footprint with Data Centres Across Two Continents

Damac Properties, a key player in real estate and infrastructure, is set to make significant strides into the digital domain by launching data centres across Europe and Asia. The initiative aligns with the strategic objectives of Edgnex, Damac's digital infrastructure arm, which aims to cater to surging demand for reliable data storage and processing capabilities globally.

The company, led by Chairman Hussain Sajwani, has emphasized that this expansion reflects its commitment to technological growth and innovation. Sajwani highlighted Damac’s ability to identify opportunities and invest proactively to secure early market advantages, underscoring the company’s long-term vision of diversifying its portfolio beyond traditional real estate ventures.

This announcement marks a pivotal moment for Damac as it leverages its expertise in large-scale infrastructure projects to pivot toward the technology sector. The firm’s move into data centres is also indicative of broader trends where Middle Eastern conglomerates are increasingly investing in global tech industries. The planned facilities will target regions with escalating needs for digital storage solutions, particularly in industries like financial services, telecommunications, and cloud computing.

The project comes as part of Damac’s broader strategy of aligning its operations with global digital transformation initiatives. The company has already started site evaluations in Europe and Asia to ensure its new data centres meet international standards for sustainability, energy efficiency, and high-performance computing. This step not only caters to existing market demands but positions Damac to benefit from future growth in data-driven industries.

Analysts view this move as a timely diversification, particularly as real estate markets globally face headwinds. The venture into the tech infrastructure domain is seen as an astute decision, reflecting an understanding of market shifts toward data-centric economic models. Damac’s emphasis on integrating advanced technologies into its projects is further enhanced by its collaboration with regional and international stakeholders to optimize infrastructure development.

While the company has not disclosed specific timelines or project costs, industry experts suggest that the competitive edge in this market will depend on how quickly and efficiently the data centres are operationalized. Damac's track record of delivering large-scale developments on time and within budget provides confidence in its ability to execute this ambitious project.