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UAE billionaire commits $1bn into data centre developments

Targeting Europe, Asia, Africa and the Middle East, the new business venture will see hyperscalers targeted as clients as well as banks and financial institutions.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

March 21, 2022 | 5:56 AM GMT

UAE billionaire commits $1bn into data centre developments

Hussain Sajwani, founder of global property development company, DAMAC Properties and founder and Chairman of the DICO Group of Companies. Source: Hussain Sajwani

The Tech Capital

Emirati data centre startup Edgnex has plans to invest US$1 billion in the construction of facilities across the globe. It also plans to roll out smaller edge data centres.

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João Marques Lima

Founder and Editor, The Tech Capital

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