Dubai’s Damac Group to Spend $1 Billion in Thai Data Center Push

A subsidiary of Dubai-based Damac Group is investing around $1 billion in a data center project in Thailand, the latest to join a global push by technology companies to build cloud and AI infrastructure in Southeast Asia.

Damac’s United Arab Emirates-headquartered Edgnex Data Centers plans to invest more than 32 billion baht in three to four data center projects though a joint venture with local data center provider Proen Corp., the companies said in a statement Friday. The first, to be located in downtown Bangkok, will go online by March with an initial 5 megawatts of capacity, to be ...