Dubai's Damac To Invest $2.3 Billion In One Of Southeast Asia's Largest AI Data Centres

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 of Southeast Asia's largest AI-dedicated developments, with a capacity of 144 MW.

In 2024, Edgnex announced its first data centre in Indonesia, a planned 19.2 MW data centre to be built at MT Haryono in Jakarta. The second data centre builds on the company's growing presence in Thailand, Malaysia, and other key Southeast Asian markets.

Construction on the second project has already begun, and the facility's Phase 1 is expected to be ready by December 2026. Edgnex aims to achieve 300-plus MW of operational capacity by 2026 in the Southeast Asia region.

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Hussain Sajwani, founder of Damac Group, stated that the company's second project in Indonesia will help bridge the digital divide in the fast-growing country.

He said this will“become one of Southeast Asia's most advanced, sustainable data centres to power the next wave of innovation and digital growth.”

Sajwani added,“The scale of AI workloads demands a new class of infrastructure. This project is part of our broader push across SEA, where we have committed over $3 billion in digital infrastructure investments to date.”

The company stated that the facility will target a power usage effectiveness (PUE) of 1.32, thereby significantly enhancing energy efficiency and aligning with its global sustainability standards.

In January 2025, the UAE billionaire announced a plan to invest $20 billion in the booming US data centre sector in the coming years.

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