UAE Real Estate Firm Damac to Expand into APAC Digital Infrastructure Market with a Data Center in Malaysia

UAE-based real estate firm Damac is set to make its mark in the rapidly growing APAC digital infrastructure market. With plans to develop a state-of-the-art data center in Cyberjaya, Malaysia, Damac is investing RM250 million ($52.4m) in this strategic expansion. This move signifies Damac’s first venture into data center development outside of the Middle East, highlighting the company’s commitment to international growth and its recognition of the immense potential in the APAC region.

Damac’s Investment in Malaysia

In a notable announcement, Fahmi Fadzil, Malaysia’s Minister of Communications and Digital, revealed Damac’s substantial investment of RM250 million in the Cyberjaya data center project. This investment underlines Damac’s confidence in the Malaysian market and its dedication to delivering cutting-edge digital infrastructure solutions to meet the region’s growing needs.

Location Options for the Data Center

With the expansion into Malaysia, Damac is actively evaluating potential locations for the data center. Both Cyberjaya, known as Malaysia’s Silicon Valley, and the bustling Central Business District of Kuala Lumpur (CBD KL), are being considered. The decision will be based on several factors, including proximity to key infrastructure, connectivity options, and overall suitability for the data center’s operations.

Damac’s Expansion Beyond the Middle East

The Cyberjaya data center marks a significant milestone for Damac as it extends its reach beyond the Middle East. This move reflects not only the company’s ambition for global market penetration but also its recognition of the opportunities presented by the fast-growing APAC digital infrastructure sector. Damac’s expansion into Malaysia will serve as a platform for future expansion into neighboring markets.

Future Data Center Developments in Indonesia and Thailand

Damac has already secured land in both Indonesia and Thailand for future data center developments. These strategic locations acknowledge the rapid digital transformation in Southeast Asia and aim to cater to the increasing demand for reliable and secure data storage and processing facilities. By diversifying its data center presence across different countries and regions, Damac aims to establish itself as a key player in the APAC market.

Damac’s data centers in Saudi Arabia

In addition to its ventures in APAC, Damac continues to strengthen its data center portfolio in Saudi Arabia. With current data centers in Dammam and Riyadh, the company is projected to deliver an impressive 55MW of power capacity by 2025. These data centers play a vital role in supporting the Kingdom’s digital transformation initiatives and meeting the evolving needs of businesses and consumers.

Data Center Plans in Amman, Jordan

Expanding its reach further into the MENA region, Damac has plans to establish a data center in Amman, Jordan. This move aims to tap into the country’s growing digital economy and position Damac as a key infrastructure provider in the region. The data center in Amman will contribute to the development of a robust digital ecosystem that facilitates innovation, entrepreneurship, and economic growth.

Recent Agreement in Saudi Arabia

Damac recently signed an agreement to build a data center and a cable landing station at the new King Abdullah Economic City in Saudi Arabia. This strategic partnership underscores Damac’s commitment to supporting the Kingdom’s ambitious Vision 2030 program, which seeks to diversify the economy and promote technological advancement. The data center and landing station will enhance connectivity and enable seamless data transfer, stimulating economic growth in the region.

Potential Developments in Spain, Italy, and Germany

While Damac’s immediate focus lies in expanding its presence in Southeast Asia and the MENA region, the company has hinted at potential data center developments in Spain, Italy, and Germany. By eyeing these European markets, Damac aims to capitalize on the increasing demand for digital infrastructure and cloud services, paving the way for future growth and international expansion.

Obstacles Faced in Ireland

Damac had previously planned to build a data center campus in Ireland. However, the project encountered obstacles when power contracts were denied to a partner company. Despite the setback, Damac remains committed to exploring alternative opportunities in Ireland and reaffirms its goal of establishing a strong data center presence across various global markets.

Damac’s entry into the APAC digital infrastructure market is an exciting milestone for the UAE real estate firm. The establishment of a data center in Cyberjaya, Malaysia, demonstrates Damac’s dedication to expanding its presence beyond the Middle East and capitalizing on the vast opportunities in the APAC region. Alongside its ongoing projects in Saudi Arabia, Jordan, and other future endeavors worldwide, Damac is positioned to become a key player in driving digital transformation and fostering economic growth in diverse markets globally.

Explore more

Why is LinkedIn the Go-To for B2B Advertising Success?

In an era where digital advertising is fiercely competitive, LinkedIn emerges as a leading platform for B2B marketing success due to its expansive user base and unparalleled targeting capabilities. With over a billion users, LinkedIn provides marketers with a unique avenue to reach decision-makers and generate high-quality leads. The platform allows for strategic communication with key industry figures, a crucial

Endpoint Threat Protection Market Set for Strong Growth by 2034

As cyber threats proliferate at an unprecedented pace, the Endpoint Threat Protection market emerges as a pivotal component in the global cybersecurity fortress. By the close of 2034, experts forecast a monumental rise in the market’s valuation to approximately US$ 38 billion, up from an estimated US$ 17.42 billion. This analysis illuminates the underlying forces propelling this growth, evaluates economic

How Will ICP’s Solana Integration Transform DeFi and Web3?

The collaboration between the Internet Computer Protocol (ICP) and Solana is poised to redefine the landscape of decentralized finance (DeFi) and Web3. Announced by the DFINITY Foundation, this integration marks a pivotal step in advancing cross-chain interoperability. It follows the footsteps of previous successful integrations with Bitcoin and Ethereum, setting new standards in transactional speed, security, and user experience. Through

Embedded Finance Ecosystem – A Review

In the dynamic landscape of fintech, a remarkable shift is underway. Embedded finance is taking the stage as a transformative force, marking a significant departure from traditional financial paradigms. This evolution allows financial services such as payments, credit, and insurance to seamlessly integrate into non-financial platforms, unlocking new avenues for service delivery and consumer interaction. This review delves into the

Certificial Launches Innovative Vendor Management Program

In an era where real-time data is paramount, Certificial has unveiled its groundbreaking Vendor Management Partner Program. This initiative seeks to transform the cumbersome and often error-prone process of insurance data sharing and verification. As a leader in the Certificate of Insurance (COI) arena, Certificial’s Smart COI Network™ has become a pivotal tool for industries relying on timely insurance verification.