UAE-based Damac Group has joined hands with Dataplex Group, 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 is the private investment arm of Hussain Sajwani, a Dubai-based billionaire known for his 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 made its foray into the data centre industry by launching Edgnex, a global digital infrastructure company headquartered in Dubai.
Damac said it had invested heavily in Dataplex, which will result in a shareholding of up to 45% of the company over time.
Besides the Dubai developer, Dataplex’s primary shareholder is Chirisa, which has acquired a land parcel in Abbotstown for a greenfield 70 MW+ data centre and industrial campus development in Dublin, Ireland.
"Damac Group, through its global digital infrastructure company Edgnex, is developing data centre facilities to support the growth of digital economies across the globe," remarked Sajwani.
"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," he said.
Damac’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 its global presence to places like Canada, the Maldives, Italy and the UK.
"Damac 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 them, we can deliver digital infrastructure in underserved markets and support the growth of local digital economies," remarked 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," he added.-TradeArabia News Service