EDGNEX Data Centers by DAMAC, a global digital infrastructure provider and part of the DAMAC Group, has announced international expansion plans that begin with building a 40 MW data center in Spain. For this the company has acquired land in Madrid.
DAMAC is a real estate major from the United Arab Emirates (UAE), and its data center arm EDGNEX has been rapidly expanding its international footprint over the last year with announcements of investments in the Middle East as well as the Asia Pacific. Readers will recall their recent announcement about investing over SGD 1 billion into developing digital infrastructure in Thailand.
EDGNEX’s plans in Spain
According to a press release, the 22,000 sqm facility is scheduled to commence operations by 2026. It further revealed that EDGNEX’s data center will be in the Vicalvaro region, just 10 km from Madrid International Airport and 5 km from the Internet Exchange. The facility will aim to boost Madrid’s data center capacity, allowing hyperscalers and enterprise clients to expand their availability zones. The center will also enable businesses to access advanced high-performance computing (HPC) and artificial intelligence (AI) capabilities.
“We plan on investing Euro 400 million in our first 40 MW investment in the Spanish Data Centre space,” revealed, Hussain Sajwani, Founder of DAMAC Group, adding, “Spain’s advanced connectivity, strategic location, and commitment to renewable energy make it an ideal hub for expanding our high-performance infrastructure.” He further said, “Alongside looking at additional investments in Madrid, we will look for opportunities in strategic locations such as Barcelona, Zaragosa, and other locations in Spain.”
Tarun Tyagi, Senior Vice President of DAMAC, International Business, added, “This site is one of the few prime locations in Madrid with secured, fully redundant power available within two years from two independent substations, ensuring rapid deployment in a market facing significant demand-supply challenges.”
According to Arizton Intelligence & Advisory, Spain’s data center market size will witness investments of USD 2.85 billion by 2029, growing at a Compounded Average Growth Rate (CAGR) of 6.99 percent during the forecast period (2024-2029). It further says, “The Spain data center market is growing rapidly due to the increased demand for hyperscale cloud services from major platforms such as AWS, Google Cloud, and Oracle Cloud. Furthermore, the upcoming colocation capacity in the market is around 600 MW, which is contributed by close to 25 data center projects. These capacities are either under construction or at an announced or planned stage.”
EDGNEX’s facility in Spain and European expansion builds on DAMAC’s recent data center developments in the Middle East and Turkey, with recent announcements in Bangkok and Indonesia to solidify its presence in the APAC region.