DAMAC Group has announced a significant investment in Thailand’s digital infrastructure. Under its EDGNEX Data Center by DAMAC brand, the Group plans to invest over 1.257 billion SGD in a series of data center projects to meet the rising demand for advanced AI technology and data processing capabilities.
In a joint venture with PROEN Corp Public Company Limited, a prominent player in the Thai technology landscape, DAMAC aims to expand its footprint in the country and support digital transformation in the Southeast Asian region. EDGNEX will hold a 70% stake in the JV and oversee data center operations.
The announcement was made during a press conference attended by government officials, industry leaders, and media representatives. H.E. Prasert Chantararuangthong, Deputy Prime Minister and Minister of Digital Economy and Society, praised the investment as a significant step towards strengthening Thailand’s digital infrastructure and attracting international investors.
The joint venture will include a state-of-the-art data center project with a total potential capacity of 20 MW. The first phase, comprising 5 MW of capacity, is expected to be operational in early 2025. This data center will be a carrier neutral facility with Tier III uptime certification, ensuring world-class reliability and resilience.
With this investment, DAMAC Group is reinforcing its commitment to the Asia-Pacific region and positioning itself as a key player in the data center business. The company has also announced plans to build state-of-the-art facilities in other key locations like Bangkok and Indonesia to support the region’s growing digital ecosystem.