Tech Damac data centre unit Edgnex signs $2bn Jakarta deal By Pramod Kumar June 17, 2025, 4:17 PM Pexels/Alifia Harina Edgex now plans to create two data centres in Jakarta Edgnex, the data centre subsidiary of Dubai’s Damac Group, plans to develop an artificial intelligence-powered data centre in Jakarta, Indonesia. The data centre will have a projected capacity of 144 megawatts (MW) with a total investment of $2.3 billion, the company said in a statement. Damac completed the land acquisition in March and has started construction. The first phase is expected to be ready by December 2026. Indonesia remains a high-potential market but faces digital infrastructure gaps. The project will help to meet the nation’s growing demand for scalable, energy-efficient infrastructure. “This project is part of our broader push across Southeast Asia, where we have committed over $3 billion in digital infrastructure investments to date,” said Hussain Sajwani, founder of Damac Group. Gulf investors help finance growth of Turkish data centres G42 opens London office as it expands across Europe UAE investment in data centres may be overly optimistic In 2024, Edgnex announced its first data centre in Indonesia, a planned 19.2 MW facility to be built in Jakarta. The first phase is scheduled for completion in the third quarter of 2026. Edgnex aims to achieve more than 300MW of operational capacity by 2026 in Southeast Asia. In January, US president Donald Trump and Sajwani, the billionaire chairman of Damac Properties, announced that the emirati will invest “at least” $20 billion in data centres across the US. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
