– EDGNEX Data Centers and Thailand’s Proen Corp have entered a $1 billion joint venture to develop data centers in Thailand, starting with a 5 MW facility operational by early 2025.
– The joint venture plans to add a 20 MW data center this year, with a long-term goal of providing up to 100 MW of data center capacity in Thailand.
– EDGNEX, a subsidiary of the UAE-based Damac Group, will hold a 70% stake in the joint venture, managing operations, while Proen Corp holds the remaining 30%.
The Dubai-based EDGNEX Data Centers has entered a joint venture with Thailand’s Proen Corp to invest over 1 billion in a series of data centre projects.
The first phase, comprising 5 MW of capacity, is scheduled to be operational in early 2025, which will function as a carrier-neutral facility with Tier III uptime certification.
The JV will commence this year, which will include a data centre project with a capacity of 20 MW.
Hussain Sajwani, Founder of Damac Group said, the company has “substantially” committed to the Thailand market with a “pipeline of approximately 100 MW of future data centre capacity.”
EDGNEX, a digital infrastructure company that is wholly owned by the UAE-based real estate developer Damac Group, will have a 70% stake in the JV and be responsible for operations, with the Thailand listed data centre provider holding the remaining stake.
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