DAMAC Group acquires Stake in Irish Data Centre Business

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data center

DAMAC Group, a conglomerate based in Dubai, has partnered with Dataplex Group Limited, a data center colocation; engineering and construction solutions company which is headquartered in Dublin, Ireland. This partnership will concentrate on brownfield projects that include retrofitting the current structures and larger greenfield projects, mainly focusing on hyperscale and bulk colocation customers.

There have been investments in Dataplex as well by DAMAC Group. This investment will result in up to 45% stake in the company over time. The primary shareholders of Dataplex, DAMAC Group and Chirisa have acquired in Abbotstown for the development of a greenfield 70 MW+ data center and industrial campus in Dublin, Ireland.

DAMAC Group of Companies is the private investment arm of Dubai-based billionaire Hussain Sajwani, who is known for his successful global property development company, DAMAC Properties. The group has a wide portfolio in various sectors which include capital markets, real estate, fashion and more. Before this year, DAMAC Group made its foray into data center industry by starting Edgnex, a global digital infrastructure companywhich is headquartered in Dubai.

“DAMAC Group, through its global digital infrastructure company Edgnex, is developing data centre facilities to support the growth of digital economies across the globe. 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,” said Hussain Sajwani.

Edgnex, a global provider of digital infrastructure, recognises and invests in the next digital hubs and intends to disrupt the local data centre market. In the coming months, Edgnex will announce acquisitions, development projects and partnerships mainly focused on improving local data center facilities in the emerging or under-served markets, globally. Its mission is to bring agility and new speed to data centre market so that more regional and local and economies, end users and enterprises can benefit from the digital infrastructure.

“We have a track record of recognising opportunities, making significant investments and capturing a first mover advantage. We are driven by market dynamics, not just by who needs capacity now. Where we go, others follow,” Sajwani added.

DAMAC Group’s footprint spans over the Middle East, with projects in the United Arab Emirates, Qatar, Saudi Arabia, Lebanon, Jordan, and Iraq. Its success has allowed the company to expand its global presence in places such as Italy, Maldives, Canada, and the UK.

“DAMAC Group 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 DAMAC Group, we can deliver digital infrastructure in underserved markets and support the growth of local digital economies,” said 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.”

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