From Bloomberg, December 4:
Dubai Billionaire Plans to Build Data Centers Across Asia
Damac Group, backed by billionaire developer Hussain Sajwani, plans to invest about $3 billion to build data centers across Southeast Asia as the region becomes a hub for AI and cloud services.
Edgnex Data Centers, a unit of the Dubai-based conglomerate, envisions spending the capital in Malaysia, Indonesia and Thailand over the next three to five years, said Danish Nayar, senior vice president of investments and acquisitions. The first of three Thai facilities, which will start operating March in Bangkok, will feature Nvidia Corp. chips.
Privately-held Damac, which focuses primarily on real estate in Dubai, has been diversifying into sectors such as technology and fashion. The Southeast Asian outlay is part of a plan to spend $5 billion to $7 billion on expanding Edgnex operations around the world, Nayar told Bloomberg News....
....MUCH MORE
And in late October we saw that a billion dollars of that was destined for Thailand:
Dubai-based tech company to invest $1b in data centres in ThailandBoth stories via MSN.
