Edgnex Data Centres, part of Dubai-based Damac Group, announced on Tuesday its second next-generation AI-powered data centre in Jakarta, Indonesia, for $2.3 billion (Dh8.44 billion).This will be one ...

Through its unit Edgnex Data Centers, Damac will develop a 144-megawatt data center in Jakarta. First phase of the project ...

Dubai’s largest private developer is on a multibillion-dollar spending spree to develop artificial intelligence ...

Tenants in some areas of Dubai are still paying less than the Real Estate Regulatory Authority (Rera) Rental Index rates, say ...

The site where Edgnex will build the new AI facility was acquired in March 2025 and is now in early construction phases.

At the helm of Sykon Properties is Zain Mohammed Riaz, the company's CEO and Founder. Under his leadership, Sykon has quickly ...

DUBAI, United Arab Emirates, June 16, 2025 (GLOBE NEWSWIRE) -- DAMAC Properties Dubai is proud to announce the official launch of DAMAC Chelsea Residences, a new residential development that ...

In June 2022, the company acquired its first data center from Finnish family office TS-Yhtymä for more than €35 million ($36.4m). At the time the 16,900 sqm (181,900 sq ft) property, in Vantaa, had ...