Skip to content Skip to Search
Skip navigation

Damac and Vodafone to build $100m data centre in Turkey

Vodafone Turkey CEO Engin Aksoy and Edgnex vice chairman Aqil Ali at the launch of a new data centre in Turkey Edgnex
Vodafone Turkey CEO Engin Aksoy and Edgnex vice chairman Aqil Ali at the launch of a new data centre in Turkey

Edgnex, a data centre subsidiary of Dubai real estate developer Damac, has established a joint venture with Vodafone Turkey to build its first data centre in the Turkish city of Izmir at an estimated cost of $100 million.

The six megawatts capacity data centre is expected to be completed next year, as cloud computing gathers pace.

“The Eastern Mediterranean region has a high demand for data centres, making Izmir, one of the largest and oldest cities in Turkey, an ideal location to meet this need,” said Edgnex vice chairman Aqil Ali.

Demand is growing for data centres across the Mena region, which is “underserved” Hassan Alnaqbi, CEO of Khazna Data Centers, told AGBI earlier this year.

Dubai-based Khazna, which has 14 working centres, 10 to 12 under construction and four more planned, is one of the largest operators in the region.

Artificial intelligence will be the biggest driver of growth in data centre demand worldwide, according to Mouna Essa-Egh, VP Middle East and Africa at Schneider Electric.

Vodafone plans to grow exponentially over the next five years with investments in data centres, cloud solutions, cyber security, mobile private networks and IoT, said Vodafone Turkey CEO Engin Aksoy.

He said that the Vodafone ecosystem made a significant contribution of 68 billion lira ($8 billion) to Turkey’s GDP during the fiscal year of 2022-23, adding that investments over 17 years have exceeded 158 billion lira.

“Our goal through this strategic partnership is to develop data centre facilities in both Turkey and international markets. The data centre we are set to build in Izmir will be our primary joint project,” he added.

The new data centre will serve as a “one-stop-shop” for the region, connecting to Europe through terrestrial and submarine cables. It will specifically serve content creators, wholesale service providers and businesses needing disaster recovery centre services.   

Latest articles

Saudi hotel llicences. Hajj pilgrims from Indonesia at a hotel in Mecca. Pilgrimages form a large part of Saudi Arabia's tourism goals

Saudi Arabia scraps hotel licence fees to draw investment

Saudi Arabia has removed licensing fees for hotels and resorts in a further effort to increase tourism and improve the kingdom’s investment environment.  The Ministry of Tourism and Ministry of Municipalities and Housing said they would ask hotel establishments to reapply for operating licences online. The decision applies to hotels, hotel apartments and residential resorts.  […]

Mubadala Getir New York

Mubadala applies to take full control of Turkey’s Getir

The Abu Dhabi sovereign wealth fund Mubadala has formally applied to take full control of the Turkish grocery delivery startup Getir. Mubadala had taken a majority controlling stake in the company in June this year as part of a restructuring programme, with a capital injection of $250 million. The filing to take over Getir was […]

PIF spending Yasir Al-Rumayyan

PIF spending to hit $70bn a year early, says IMF

Saudi Arabia’s Public Investment Fund will raise its annual spending to $70 billion in 2025, a year earlier than previously announced, according to an International Monetary Fund official.  PIF’s governor Yasir Al-Rumayyan told a Saudi investment summit in February that the sovereign wealth fund would increase its annual capital spending from around $50 billion a […]

Opec secretary general Haitham Al Ghais. Analysts say the body is running out of options to stabilise oil prices

Opec+ delay to output rise fails to rejuvenate oil price

The decision by Opec+ on Thursday to postpone its oil output hike until December has failed to pump up the markets, where the sentiment remains bearish.  While Opec+ still holds sway over global balances, it is running out of options to stabilise prices, analysts said, as the share price of Aramco, the world’s biggest producer, […]