PC: The Pattaya News
A Strategic Joint Venture in Digital Infrastructure
One of the biggest joint ventures signed by Dubai-based EDGNEX Data Centers, a digital infrastructure business run by the UAE’s Damac Group, is one with Thai conglomerate Proen Corp to invest more than 32 billion Baht ($1 billion) in various data centre projects across Thailand. With the rising demand for data infrastructure in Southeast Asia, the joint venture goes along with the expected fulfilment of growing needs for reliable and efficient digital services in the region.
EDGNEX will take 70% of the joint venture and operate the business and project development in focus. The remaining 30% stake will be acquired by Proen Corp, a Thai data centre provider listed on the market. In such a joint venture, both firms can reap from each other’s strengths. EDGNEX is aware of digital infrastructure in foreign markets, while Proen Corp is well-versed and conversant with the market in Thailand.
Strong Commitment to the Expanding Thai Market
Founder of Damac Group, Hussain Sajwani, said EDGNEX is focusing on Thailand and has built a big pipeline of projects already. Plans are to develop approximately 100 MW in future data centre capacity in Thailand. This is a pretty good investment that shows the strong requirement for data centres in the country, as brought by the rapid digital transformation that is currently happening to the nation and expansion into becoming a hub for data service in Southeast Asia.
The First Phase-A 20 MW Data Center
This Joint Venture is set to start its operations this year and will begin in a 20 MW data centre project. The first phase of this venture is slated to come online in early 2025 and will offer 5 MW of capacity. It will be a carrier-neutral data centre, meaning that this facility shall not be dependent on a particular telecommunications provider. This provides the flexibility and reliability of connecting with a range of network providers for clients.
In addition, the facility would be Tier III compliant in terms of uptime, meaning that such a facility is well-known to offer an infrastructure robust enough to guarantee 99.982% availability. Certifying this level means that the facility can use large loads without the risk of ever running into downtime-something that companies deeply crave since they endeavour to have continued and secure access to digital data and services.
Growth Perspectives in Thailand’s Digital Environment
This is an important entry for EDGNEX in the rapidly growing digital infrastructure sector in Thailand. Thailand is increasingly becoming an attractive destination for both digital services and data centres with a favourable regulatory environment and strategic location, incrementally causing increasing internet penetration. EDGNEX and Proen Corp are investing significantly in this market to serve their goal of positioning themselves as a leader in the region’s burgeoning digital ecosystem.
The partnership and the significant planned investment are good indicators that data centre projects play an important role in allowing businesses to further expand digital operations across Southeast Asia. The first project is expected to come online in early 2025 and the joint venture is ready to create lasting change in Thailand’s data infrastructure and contribute further to the ever-growing digital transformation of the country.
