Damac Group to Invest $3 Billion in Southeast Asia Data Centers
Damac Group, led by billionaire Hussain Sajwani, is set to invest around $3 billion to develop data centers across Southeast Asia, capitalizing on the region’s growing role in AI and cloud services.
Edgnex Unit Plans Expansion in Malaysia, Indonesia, and Thailand
Edgnex Data Centers, a subsidiary of the Dubai-based Damac Group, plans to allocate the $3 billion investment in Malaysia, Indonesia, and Thailand over the next 3-5 years. The focus will be on building infrastructure for AI and cloud services.
First Thai Data Center to Feature Nvidia Chips
The first of three planned data centers in Thailand will begin operations in March 2024 in Bangkok. It will feature cutting-edge Nvidia Corp. chips, designed to support AI workloads.
Edgnex’s Global Expansion: $5-7 Billion Investment
Damac’s diversification strategy includes investing $5-7 billion globally to expand Edgnex’s data center operations. The company currently operates two centers in Saudi Arabia and is eyeing additional locations across Southeast Asia, including Malaysia, Indonesia, and potentially Vietnam and the Philippines.
Strategic Partnerships and Joint Ventures in Thailand
Edgnex has formed a joint venture with Siam AI, a security startup and official Nvidia cloud partner. This partnership will support the AI infrastructure needed for the growing Thai market.
Nvidia’s Role in Supporting Thailand’s AI Growth
Nvidia CEO Jensen Huang is in Thailand to collaborate on AI education and ecosystem development. The company plans to invest in Thailand’s AI infrastructure, offering tools, expertise, and infrastructure support.
Thailand as a Growing Hub for Data Centers
Thailand is emerging as a key player in the global data center boom, thanks to its stable power supply and growing high-tech sector. However, challenges such as a shortage of skilled workers remain.
Collaborations with Thai Conglomerates to Boost AI Infrastructure
Siam AI has signed agreements with major Thai companies, including Charoen Pokphand Group and Gulf Energy, to enhance AI infrastructure and solutions within their data centers.
Source: Bloomberg News, with assistance from Adveith Nair
