DAMAC Group, a Dubai-based conglomerate, has entered a partnership with Dataplex Group Limited, a data centre colocation, engineering and construction solutions company headquartered in Dublin, Ireland. The partnership will focus on brownfield projects involving retrofitting existing structures and larger greenfield projects, with specific focus on hyperscale and wholesale colocation customers.
DAMAC Group has also invested in Dataplex, which will result in a shareholding of up to 45% of the company over time. Dataplex’s primary shareholders DAMAC Group and Chirisa have acquired a land parcel in Abbotstown for a greenfield 70 MW+ data centre and industrial campus development in Dublin, Ireland.
DAMAC Group of companies is the private investment arm of Hussain Sajwani, the Dubai-based billionaire known for his successful global property development company, DAMAC Properties. The group has a diverse portfolio across various sectors including real estate, capital markets, fashion, and more. Earlier this year, DAMAC Group made its foray into the data centre industry by launching Edgnex, a global digital infrastructure company headquartered in Dubai.
“DAMAC Group, through its global digital infrastructure company Edgnex, is developing data centre facilities to support the growth of digital economies across the globe. Our work with Dataplex enables us to serve exponential demand coming from local markets, driven by rapid digital transformation, booming digital economies, and growing internet users,” said Hussain Sajwani.
- Partnership focuses on data centre development projects in Europe
- Adds to DAMAC Group’s international expansion of diverse projects
Edgnex, a global digital infrastructure provider, identifies and invests in the next digital hubs and aims to disrupt the local data centre market. Over the coming months, Edgnex will be announcing acquisitions, building projects and partnerships focused on developing local data centre facilities in emerging or underserved markets globally. Its mission is to bring new speed and agility to the data centre market so that more local and regional economies, enterprises and end users can benefit from digital infrastructure.
“We have a track record of recognising opportunities, making significant investments and capturing a first mover advantage. We are driven by market dynamics, not just by who needs capacity now. Where we go, others follow,” Sajwani added.
DAMAC Group’s footprint extends across the Middle East with projects in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon and Iraq. Its success has allowed the company to expand global presence to places like Canada, the Maldives, Italy and the UK.
“DAMAC Group has a unique vision for the data centre market, and we look forward to helping it to bring its disruptive model to more cities around the world. Together with DAMAC Group, we can deliver digital infrastructure in underserved markets and support the growth of local digital economies,” said Eddie Kilbane, co-founder and CEO of Dataplex Group. “Our partnership will enable our organisations to grow together, and it will be great to work with the team at DAMAC Group.”
About DAMAC Group
Established in 1992, DAMAC Group is the multi-billion-dollar investment arm of Hussain Sajwani with diverse interests in markets around the world. The company’s expansive portfolio includes Real Estate, Capital Markets, Hospitality, Retail, Fashion, Distribution, Catering and Data Centres.
Some of DAMAC Group’s most notable activities include the recent 100% acquisition of the Italian fashion house, Roberto Cavalli, the 50-storey development DAMAC Towers Nine Elms in London, a luxury resort in the Maldives, shopping malls in Iraq, among others. The investment company plans to deploy approximately $3 billion over the next few years in key markets across Western Europe and the US.
Today, DAMAC Group’s global footprint extends across North America, Europe, Asia, Middle East and Africa. With its vision firmly set on growth and expansion, DAMAC Group continues in its quest for diversification and business excellence.
Dataplex has built and operated mission-critical data centre facilities across Europe and the UK since 2011, focusing on development of brownfield campuses with wholesale colocation capacity that can be brought to market rapidly.The facilities are designed and operated by Dataplex for multiple independent tenancy and wholesale colocation.