Damac puts $2.3B on Jakarta AI
June 20th, 2025

Via Semafor and Damac, a report on new UAE investment in Indonesia’s AI sector:

Damac puts $2.3B on Jakarta AI
A chart showing select data center investments from Damac.

Damac, Dubai’s largest private developer, is on a multibillion dollar spending spree to develop artificial intelligence infrastructure, this time in Indonesia. Subsidiary Edgnex is investing $2.3 billion in a 144 megawatt Jakarta data center. The land was acquired in March, and the company estimates it will begin operations by the end of next year.

The Emirati-owned developer — known for high-rises and suburban compounds in Dubai — has committed more than $3 billion to digital infrastructure in Southeast Asia, alongside projects in the Middle East, Europe, and the US, where it’s splashing the most cash. Founder Hussain Sajwani, a friend of US President Donald Trump, said in January that Edgnex will spend $20 billion to build data centers in more than a half dozen American states. Damac is aiming to have at least 300MW of operational computing capacity by 2026, with 55MW in the Middle East this year.

This entry was posted on Friday, June 20th, 2025 at 5:24 am and is filed under Indonesia, UAE.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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