EDGNEX Data Centers by DAMAC Announces Expansion into the U.S. Market with 2000MW projected future capacity

DUBAI and PALM BEACH, Fla., Jan. 8, 2025 /PRNewswire/ -- Dubai-headquartered global digital infrastructure company EDGNEX Data Centers by DAMAC (fully owned by global group DAMAC) has announced its strategic entry in data centers into the United States market, marking a transformative phase in its international expansion. The announced US expansion will deliver state-of-the-art data centers targeting a 2000MW capacity over the next four years. EDGNEX announced an initial investment of $20 Billion with potential plans of doubling the investment on the basis of future demand, market opportunity and scalability. This endeavor is aligned with EDGNEX's commitment to building world-class digital infrastructure platforms targetting hyperscalers, AI players, and Fortune 500 companies alike, fostering innovation and delivering sustainable, high-quality infrastructure that powers customers in the U.S. and around the globe. EDGNEX expansion plan will focus on sunbelt states specifically Texas, Arizona, Oklahoma, and Louisiana and midwest states: Ohio, Illinois, Michigan, and Indiana.

The first phase includes capacity build-up through joint ventures with partners, acquiring land banks in conjunction with utilities, and acquiring existing data centers and platforms. It will represent approximately 500MW capacity—one in the Sunbelt and one in the Midwest. This will meet the growing current demand as EDGNEX continues to scale.

Statement from Mr. Hussain Sajwani, Founder, DAMAC:
"This is an extremely exciting moment for us. Our foray into the U.S. market in data centers represents a significant milestone in our journey to build a global digital infrastructure platform that will empower businesses today and in the future. Leveraging our expertise in real estate and data centers, we aim to deliver best-in-class infrastructure that supports the next wave of cloud and AI growth, helping further to position the U.S. in the technology and global data ecosystem."

Besides its latest foray into data centers, DAMAC as a Group is significantly invested in the US in real estate and through several private equity funds. In Miami, DAMAC is planning a boutique condo project designed by Zaha Hadid Architects with a 1bn$ GDV development value. DAMAC continues to look for strategic real estate opportunities in the U.S.

Building a Global Platform Exponentially
DAMAC's success in real estate in the Middle East and globally has provided the foundation for ventures into high-capex, high-yield asset classes like data centers. Enterprises of all sizes adopting cloud and AI technologies present a significant 15-year growth opportunity that reinforces DAMAC's commitment to seizing opportunities and establishing a robust global platform that serves international markets. 

Progress and Timeline
EDGNEX's existing portfolio includes operations in 10 countries (UAE, KSA, Turkey, Thailand, Malaysia, Indonesia, Greece, Spain, Finland and Italy) with a projected capacity exceeding 1000MW+. Current operational data centers include over 10MW in Saudi Arabia and 5MW in Thailand, which will be operational by Q1 2025. By 2026, EDGNEX aims to have over 300MW+ operational globally.

Management and Growth Strategy
EDGNEX, with a management team of 100+ professionals based in the Middle East, Europe and Asia, is actively expanding its team to support these growth plans. Since its inception in 2021, EDGNEX has rapidly expanded across the Middle East, Southeast Asia and Europe, setting the stage for a strategic entry into the U.S. market. EDGNEX brings and sets new benchmarks in secure, scalable, and sustainable digital infrastructure. DAMAC is an infrastructure provider and does not handle or manage data privacy or compliance. EDGNEX plans to leverage DAMAC's equity, bank debt, and potential third-party capital to fuel expansion in the U.S.

About EDGNEX
EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly owned subsidiary of the DAMAC Group, providing a foundation for local innovation across the globe and disrupting the data center market with new speed and agility. EDGNEX proactively builds, buys, or partners to serve the next wave of demand for data center services. www.edgnex.com

For further information, please contact:
EDGNEX / DAMAC Corporate Communications
Email: corporatecommunications@damacgroup.com
Website: www.edgnex.com 

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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

EDGNEX Data Centers by DAMAC Announces Expansion into the U.S. Market with 2000MW projected future capacity

EDGNEX Data Centers by DAMAC Announces Expansion into the U.S. Market with 2000MW projected future capacity

A Perfect Harmony of Fashion, Technology, and K-Pop – 2024 Runway to Seoul Concludes with Great Success

• Dynamic runway shows from leading K-fashion brands including RAIVE, RE_RHEE, MINA CHUNG, Ordinary People, VALOREN, TRIPLEROOT, and DUCKDIVE.
• Global campaign for K-fashion live-streamed worldwide with renowned domestic and international influencers.
• Positioned as more than a fashion show – a global platform blending K-culture and cutting-edge technology.

SEOUL, South Korea, Jan. 8, 2025 /PRNewswire/ -- The 2024 Runway to Seoul, held at Dongdaemun Design Plaza (DDP), wrapped up amidst fervent enthusiasm. Now in its second year, the event celebrated a unique fusion of fashion, beauty, K-pop, and advanced technology, showcasing the global potential of K-culture. Over 2,500 attendees experienced the energy and possibilities of K-fashion.

A Stage of Innovation and Creativity for K-Fashion

Hosted at DDP, an iconic cultural landmark designed by world-renowned architect Zaha Hadid, the event brought together fashion, art, and technology in a futuristic setting. The 2024 Runway to Seoul delivered a creative platform like no other, seamlessly blending elements of culture and innovation.

Notable international influencers, including Australian powerhouse Eunice Wani, who boasts 15 million followers, and Mongolian influencer Dulguun Odkhuu, attended to amplify the global appeal of K-fashion. Beyond being spectators, they actively engaged with and shared the cultural fusion of K-fashion in real-time, connecting with audiences worldwide.

Unique and Creative Runway Highlights

This year's runway featured seven prominent K-fashion brands, each captivating the audience with their innovative styles and performances. Returning participants MINA CHUNG and Ordinary People were joined by newcomers DUCKDIVE, VALOREN, TRIPLEROOT, RE_RHEE, and RAIVE, all of whom brought their distinctive flair to the stage. RE_RHEE encapsulated the creative ethos of the Seongsu-dong fashion scene, while MINA CHUNG presented bold interpretations of abstract Eastern aesthetics. Ordinary People charmed the audience with its understated yet emotive styles, widely admired by celebrities, and VALOREN offered a fresh take on deconstructivism, redefining it for modern men's daily fashion.

DUCKDIVE opened the runway with its street-smart designs in collaboration with the I'AM dance crew. TRIPLEROOT, known for contemporary women's fashion, partnered with K-Tigers dance crew for a vibrant performance. RAIVE closed the show with its debut fashion showcase, blending free-spirited vintage aesthetics with hip-hop dance crew HolyBang for a boundary-breaking finale.

The 2024 Runway to Seoul ended on a high note with performances by 4th-generation girl group H1-KEY, dance crew WE DEM BOYZ, and DJ SURA, leaving audiences with unforgettable memories and cementing the event as a hallmark celebration of K-fashion and culture.

Exclusive Experiences and Collaborations

The 2024 Runway to Seoul also offered attendees the chance to engage directly with participating brands. Limited-edition collaborations with all seven brands were exclusively available through the platform KREAM, alongside RTS-branded merchandise, which sold out due to overwhelming demand.

Renowned brands such as NARS, a luxury New York cosmetics company, VILLA ERBATIUM, a Korean fragrance house, DAILYBEER, known for its craft beers, and photo booth brand MMT added to the vibrant atmosphere, providing unique and memorable experiences for influencers and attendees alike.

K-Fashion and K-Culture Shine on the Global Stage

Organized by the Seoul Business Agency (SBA) and WWD Korea, the event showcased the potential of K-fashion as a global platform integrating fashion, K-pop, and technology. Beyond a fashion show, it highlighted the diversity and depth of K-culture for an international audience.

Hyunwoo Kim, CEO of SBA, stated, "Runway to Seoul is a unique cultural festival born from the fusion of K-fashion, K-pop, and technology. It goes beyond being a fashion show, revealing the potential and creativity of K-fashion to the world, contributing to its strengthened presence in the global market."

A flagship program of SEOULCon, the global influencer expo organized by SBA, Runway to Seoul attracted over 3,500 influencer teams from more than 50 countries, firmly establishing itself as a major global cultural festival.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Showcasing the Vibrant Lifestyle of Seoul: 2024 Runway to Seoul

Showcasing the Vibrant Lifestyle of Seoul: 2024 Runway to Seoul

Showcasing the Vibrant Lifestyle of Seoul: 2024 Runway to Seoul

Showcasing the Vibrant Lifestyle of Seoul: 2024 Runway to Seoul